Crypto Exchange Bitstamp cryptocurrency trading volume surpasses Robinhood in August

PANews September 12th news, Cointelegraph reported that less than three months after being acquired by Robinhood, cryptocurrency trading volume on cryptocurrency Bitstamp has surpassed its parent company's platform, with trading volume increasing by 21% in August to $14.4 billion. Robinhood reported that Robinhood’s nominal cryptocurrency trading volume fell 18% in August to just $13.7 billion compared to July. Data shows that since the quarterly record was set in November 2024, Robinhood's trading volume has been on a downward trend, but rebounded in July and fell again in August. Although Bitstamp and Robinhood's total cryptocurrency trading volume fell 2.1% from the previous month, Robinhood's total assets rose 2% from the previous month to $304 billion, with cryptocurrency assets of about $41 million. When asked why crypto trading on the Robinhood platform has stalled, Merkle Tree Capital CEO Ryan McMillin pointed out that there is a seasonal factor, a North American-based platform whose transactions may be affected by the summer holidays.