key insights:
- Bitstamp beat Robinhood’s main app for the month of August with $10.1 billion.
- Crypto activity bounced back solidly from July, but fell short of last year’s numbers.
- Event contracts have continued to grow at a faster pace than crypto, and are the subject of greater regulatory focus.
The volume of Robinhood crypto trading surged 61% in August to $17.5 billion, after a slow July. Levels of activity were 38% lower than in August 2025, however, which had seen $28.1 billion.
The rise underscored Bitstamp’s rising significance since Robinhood bought the exchange in 2025. Meanwhile, prediction markets continued expanding faster and raised fresh regulatory concerns in Washington.
August recovery lifts crypto activity
Robinhood crypto trading volume increased from $10.9 billion in July to $17.5 billion in August. The company measures notional volume as the total dollar value of digital assets traded.
The recovery added $6.6 billion in monthly activity across Robinhood’s crypto businesses. Average daily trading volume reached approximately $565 million during the month. Yet the annual comparison showed a different trend. August’s total remained 38% below the $28.1 billion reported one year earlier.
Bitstamp generated the largest share of the monthly figure. The exchange processed $10.1 billion, representing about 58% of combined crypto activity. The Robinhood app handled the remaining $7.4 billion. The volume of trading traded by application grew 72% in July but was still 46% lower than it was in August 2025.
In 2025, Robinhood bought Bitstamp and integrated its institutional systems into its trading operations. The acquisition has since changed the company’s reported crypto activity mix.
Bitstamp takes the larger share
Robinhood crypto trading volume received its largest contribution from Bitstamp during August. Bitstamp’s activity grew by 53% from July, while the volume dropped by 30% from the previous year.
The exchange typically had around $326 million worth of crypto trading activities each day. The retail app averaged approximately $239 million per day for Robinhood.
They’re in reference to the moves Bitstamp has made toward expanding into Robinhood’s non-brokerage platform. The acquired exchange also provides institutional services and broader international infrastructure.
Robinhood has used Bitstamp for further expansion since completing the acquisition. Its UK crypto service now offers access to more than 50 digital assets through Bitstamp UK. The company’s August figures excluded activity from Robinhood Chain. Robinhood also said the monthly operating data remained preliminary and unaudited.
Platform growth extends beyond crypto
Robinhood ended August with approximately $384 billion in total platform assets. The figure increased 8% from July and 26% from the previous year.
Funded customers reached 28.6 million at the end of the month. This increase means that funded customers grew by 120,000 from July. The company’s margin balances also reached $21.5 billion. Borrowed trading balances increased 72% from the previous year.
Equity notional volume reached $335.4 billion during August. That figure increased 1% monthly and climbed 68% from the previous year. Options trading moved in the opposite monthly direction. Contract volume fell 10% from July to approximately 292.5 million contracts.
Despite that decline, options activity remained 50% higher than a year earlier. The mixed figures reflected a platform with several expanding trading businesses.
Prediction markets draw regulatory attention
Event contracts became Robinhood’s fastest-growing trading category on an annual basis. Customers traded 4.7 billion contracts during August, roughly 15 times August 2025 levels.
The total still declined 23% from July’s volume. Even so, the annual expansion far exceeded the growth recorded across Robinhood’s crypto operations. Robinhood offers event contracts through Kalshi, ForecastEx, and its Rothera joint venture. Rothera had processed more than 3.5 billion contracts after launching in June.
The products allow customers to trade on defined outcomes. Contracts generally settle at $1 when the selected outcome occurs. The business also generated growing revenue. Event-contract revenue reached $156 million during Robinhood’s record second quarter.
That figure exceeded the $100 million generated from crypto transactions. The shift placed prediction markets ahead of crypto in transaction-based revenue. Lawmakers have responded to the rapid growth with several proposed restrictions. More than 10 prediction-market bills have emerged since January, according to the supplied report.
The PREDICT Act would restrict senior federal officials from trading political event contracts. Critics also question whether sports and political markets belong beside investment products.
A broader shift in Robinhood’s trading Mix
The August rebound shows that crypto activity remains an important part of Robinhood’s trading ecosystem. However, the annual decline also shows the recovery has not restored last year’s turnover. Now, Bitstamp has become an integral part of the company’s cryptocurrency strategy. The higher percentage illustrates the contribution that Robinhood’s acquisition is adding to its total.
Another significant shift for the business is prediction markets. Their rapid growth has created a new revenue source but increased regulatory scrutiny.
The coming regulatory decisions could shape how Robinhood develops its fastest-growing products. For now, August’s operating data shows a company diversifying beyond its original brokerage model.
