Robinhood Crypto Trading Volume Soars 217% in July, Assets Under Custody Hit $298B

TLDR: Robinhood crypto volumes hit $16.8B in July, marking a 217% year-over-year surge. Platform assets grew to $298B, up 106% compared to July 2024 levels. July net deposits reached $6.4B, reflecting strong customer inflows. Margin balances rose 111% YoY to $11.4B, signaling higher trading activity. Robinhood Markets recorded a sharp jump in cryptocurrency trading activity [...]

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