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Story: Robinhood Crypto Soars to $10.1B in August Despite 46% App Trading Drop

By Pankaj K

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Bitstamp Carries the Weight. It's worth pausing on just how much Bitstamp is doing here. The entire $10.

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What the Annual Drop Actually Means. The broader crypto market has had a complicated year.

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Robinhood's crypto numbers are a mess of contradictions right now. August volume hit $10.1 billion — a 61% jump from July — but zoom out twelve months and the picture looks a lot…

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The monthly pop is real, no question. But the year-over-year drop of 38% is also real, and it's the kind of number that tends to stick in analysts' heads longer than a single…

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And the app itself? Down 46% year-on-year.

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That's the figure that probably keeps someone up at night over at Robinhood's offices. The Bitstamp numbers look decent on paper, but native activity on the Robinhood app — the…

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It's worth pausing on just how much Bitstamp is doing here. The entire $10.1 billion August figure is Bitstamp volume. That's not a split. That's not "primarily" or "mostly.

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That kind of concentration isn't necessarily fatal. Plenty of brokerages run volume through a single venue.

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Unclear if that silence is intentional or just standard IR caution.

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Related: Jensen Huang Critiques Cybersecurity Hype as Crypto Attacks Surge 50%

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The broader crypto market has had a complicated year. Retail participation has been uneven across platforms — some exchanges saw strong inflows during certain stretches, others…

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The 38% annual drop in overall volume is softer than the app-specific figure, largely because Bitstamp is propping up the consolidated number.

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Still, a 61% monthly jump isn't nothing. August was genuinely busier than July. Whether that's a seasonal blip, a reaction to market conditions in late summer, or the start of…

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What's clear is that the platform is leaning hard on Bitstamp to stay relevant in crypto volume rankings.

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See also: Senate Republicans Revise CLARITY Act, Paving Path for Crucial Crypto Regulation Vote

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