Bitstamp recorded a 21% rise in crypto trading volume to $14.4 billion in August, flipping Robinhood for the first time since it was acquired by the firm.
Less than three months after being acquired by Robinhood, crypto exchange Bitstamp has surpassed its parent platform’s crypto trading volumes, recording a 21% rise in August to $14.4 billion.
According to a company report from Robinhood on Thursday, Robinhood’s crypto nominal volumes fell 18% in August compared to July, reaching only $13.7 billion.
Data shows this volume had been trending down for Robinhood since November 2024, when it registered a record quarter, but ticked up in July before slumping in August.
Read more
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
If you want to read more News articles, you can visit our General category.
