Robinhood Reports 61% Increase in Crypto Trading Volume in August

WHY IT MATTERS

Robinhood is one of the most widely used apps for everyday people to buy and sell cryptocurrencies, stocks, and other assets. Think of trading volume like the total amount of goods sold at a store in a month — it tells you how busy the store was, but not whether customers were buying or returning items. A 61% jump means significantly more crypto was being traded on Robinhood in August than in July. For people new to crypto, this is a useful indicator of how much interest retail investors — regular people, not big institutions — are showing in cryptocurrency at any given time. However, high trading volume alone does not tell us whether prices went up or down, or whether traders made or lost money.