Crypto News

Bitstamp recorded $14.4 billion in crypto trading volume during August, surpassing parent company Robinhood's $13.7 billion for the first time since the acquisition. The exchange achieved a 21% monthly increase while Robinhood's volumes declined 18%.

Robinhood completed its $200 million Bitstamp acquisition on June 2, adding over 5,000 institutional clients and 50,000 retail customers. The crypto exchange plays a crucial role in the company's RWA tokenization ambitions.

Data shows Robinhood's crypto volumes have trended downward since November 2024's record quarter, with August marking a notable decline. Combined trading volumes between both platforms fell 2.1% month-over-month despite Bitstamp's strong performance.

The broader crypto market experienced relatively flat trading volumes in August as prices ended roughly where they began. Analysts point to seasonal factors and summer holidays affecting North American trading activity.

Ryan McMillin from Merkle Tree Capital suggests crypto sentiment has been "relatively quiet" while markets await key macro signals. Traders are particularly focused on employment data and potential Federal Reserve rate decisions.

Robinhood's total assets rose 2% to $304 billion in August, with approximately $41 million held in cryptocurrencies. The company debuted on the S&P 500 this week, expanding the index's exposure to digital assets.

Looking ahead, analysts expect trading volumes to increase as crypto approaches potential record highs before year-end. The integration between Bitstamp and Robinhood through Smart Exchange Routing facilitates easier cross-platform trading.