Robinhood Reports 24% Increase in Daily Crypto Trading Volume for September

Robinhood Markets has announced a 24% increase in daily notional crypto trading volume for September compared to August, marking the second consecutive month of growth for its crypto trading desk. This follows a significant 61% surge in trading volume in August, which reached $17.5 billion, up from $10.9 billion in July. If the September trend continues, the platform could see daily trading volumes exceeding $700 million by the end of the month.

Despite this recent growth, the overall trading volume remains significantly lower than last year's figures. The August 2026 volume was 38% less than the $28.1 billion recorded in August 2025. The trading volume is split between Robinhood's two crypto channels, with Bitstamp, the exchange acquired by Robinhood, contributing $10.1 billion in August, while the Robinhood app itself accounted for $7.4 billion.

Additionally, Robinhood's proprietary blockchain, Robinhood Chain, launched in July, has been generating over $1.5 billion in daily decentralized exchange activity as of early September. It is important to note that this on-chain activity is reported separately from the notional trading volumes.

As of August, Robinhood reported 28.6 million funded customers and total assets nearing $384 billion, reflecting a 26% increase year-over-year. The acquisition of Bitstamp appears to be a significant factor in the company's overall crypto strategy, enhancing its market presence.

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Source: KLEA News