In short
- Robinhood’s crypto buying and selling quantity rose 61% month over month to $17.5 billion in August, based on new working knowledge.
- The determine stays 38% under final August’s complete.
- Occasion contracts, Robinhood’s prediction market bets, traded 4.7 billion occasions in August, roughly 15 occasions the quantity from a yr earlier, at the same time as Congress strikes to rein within the merchandise.
Robinhood’s notional crypto buying and selling quantity—the entire greenback worth of all crypto property purchased and offered on the platform—rose 61% in August to $17.5 billion, based on working knowledge the corporate launched Thursday.
The rebound adopted a sluggish July, when quantity sat at $10.9 billion. Even with the bounce, August’s complete got here in 38% under the $28.1 billion Robinhood processed in the identical month final yr.
The Robinhood app dealt with $7.4 billion of that quantity, up 72% from July however down 46% from a yr in the past. Bitstamp, the trade Robinhood purchased in 2025, contributed the bigger share at $10.1 billion, up 53% month over month. Collectively, the 2 platforms averaged $565 million a day in buying and selling.
Crypto is a small slice of a a lot greater stability sheet. Whole platform property reached $384 billion, up 26% yr over yr, whereas funded prospects (customers which have accomplished at the very least one transaction within the final 45 days) grew to twenty-eight.6 million. Margin loans—cash Robinhood lends prospects to commerce with borrowed money—climbed to $21.5 billion, up 72% from a yr in the past.
The quantity that stands out, although, is not crypto in any respect. Occasion contracts, Robinhood’s prediction market bets on issues like Federal Reserve selections or soccer video games, traded 4.7 billion occasions in August. That is down 23% from July, however up roughly 15-fold from the 300 million contracts traded in August 2025.
Every contract works like a easy yes-or-no wager: purchase a “sure” for a number of cents, and it pays out $1 in the event you’re proper, or nothing in the event you’re mistaken.
That progress has made prediction markets Robinhood’s breakout enterprise. The corporate’s report quarter in July confirmed occasion contract income surging greater than tenfold yr over yr to $156 million, overtaking crypto as a supply of transaction revenue.
Robinhood runs the merchandise by means of companion exchanges Kalshi and ForecastEx, plus its personal three way partnership Rothera, which had processed greater than 3.5 billion contracts since launching in June, as of that report.
The expansion hasn’t gone unnoticed on Capitol Hill. Lawmakers have launched greater than 10 payments since January focusing on prediction markets, together with the PREDICT Act, which might bar members of Congress, the president, and different senior officers from buying and selling contracts tied to political occasions. Critics argue that stacking sports activities and political wagers subsequent to retirement accounts blurs the road between investing and playing, a pressure regulators are nonetheless finding out.
Robinhood’s different huge guess, its personal blockchain, is rising simply as quick. Robinhood Chain, the corporate’s Ethereum layer 2—a secondary community that processes transactions sooner and cheaper earlier than settling again to Ethereum—logged $1.6 billion in day by day buying and selling quantity on decentralized exchanges as of September 1, up 61% in simply 4 days.
None of that stopped Robinhood shares from slipping after Thursday’s launch. HOOD fell 0.83% on the day, at the same time as analysts at Mizuho and StoneX raised their value targets this week on the energy of the corporate’s broader progress.
Robinhood’s subsequent quarterly earnings report is anticipated November 4.
