Cryptocurrency Exchange Bitstamp surpassed Robinhood in August

According to Coinjie.com, on September 12, less than three months after being acquired by Robinhood, cryptocurrency exchange Bitstamp's cryptocurrency trading volume exceeded its parent company platform, with trading volume increasing by 21% in August to $14.4 billion. Robinhood reported that its nominal cryptocurrency trading volume in August fell 18% from July to just $13.7 billion. Data shows that Robinhood’s trading volume has been on a downward trend since its quarterly record in November 2024, falling again in August despite a rebound in July. 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 $304.00 billion, of which about $41 million were cryptocurrency assets. When asked why cryptocurrency trading on the Robinhood platform has stalled, Merkle Tree Capital CEO Ryan McMillin pointed out that there is a seasonal factor. Robinhood is a North American-based platform whose transactions may be affected by the summer holidays.