Crypto exchange Bitstamp, recently acquired by Robinhood, outpaced its parent platform in crypto trading volumes for August, recording a 21% increase to $14.4 billion. In contrast, Robinhood's crypto trading volumes fell 18% to $13.7 billion. This marks a significant shift as Robinhood's volumes have been declining since a peak in November 2024, despite a brief uptick in July.
Robinhood completed its $200 million acquisition of Bitstamp on June 2, integrating over 5,000 institutional clients and 50,000 retail customers. Bitstamp is now a key player in Robinhood's strategy for real-world asset tokenization, linked to Robinhood Legend and Smart Exchange Routing. Despite a combined 2.1% drop in trading volumes between the two platforms, Robinhood's total assets rose 2% to $304 billion.
Meanwhile, Robinhood made its debut on the S&P 500, enhancing the index's connection to the digital asset economy. This move coincides with Robinhood's launch of a tokenization-focused layer 2 blockchain in the EU, offering access to US stocks and perpetual futures trading through Bitstamp.
Bitstamp Surpasses Robinhood in Crypto Trading Volume for August
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