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Robinhood sees continued slowdown in crypto trading (-33%) in July 2026

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    US neobroker Robinhood Markets Inc (NASDAQ:HOOD) has released its July 2026 operating data, which primarily show that crypto trading activity among Robinhood clients has continued to slow considerably.

    After crypto trading revenues fell to $100 million in Q2 2026 from $134 million in Q1, Robinhood reported that crypto notional trading volumes were $10.9 billion in the month of July 2026, down 33% from June 2026, and down 62% year-over-year.

    Robinhood’s high-flying new asset class of Prediction Markets – which led Robinhood to record Revenues in Q2 2026 – also experienced a bit of a hiccup, with Event Contracts traded of 6.1 billion in July 2026 down 5% from June 2026, although they were up 20x year-over-year.

    Overall Robinhood July 2026 data

    Customers and Assets

    • Funded Customers at the end of July were 28.5 million (up approximately 80 thousand from the end of June 2026, up approximately 1.77 million year-over-year). Funded Customers do not include Trump Accounts.
    • Total Platform Assets at the end of July were $355 billion (down 4% from the end of June 2026, up 19% year-over-year). Starting in July 2026, Total Platform Assets include Trump Account assets custodied by Robinhood.
    • Net Deposits were $5.6 billion in July, or an 18% annualized growth rate relative to June 2026 Total Platform Assets. Starting in July 2026, Net Deposits include Trump Account contributions.
    • Over the last twelve months, Net Deposits were $74.9 billion, or an annual growth rate of 25% relative to July 2025 Total Platform Assets.

    Trading Volumes in July

    • Equity Notional Trading Volumes were $333 billion (down 15% from June 2026, up 59% year-over-year). Average daily volumes (“ADVs”) were $15.1 billion (down 19% from June 2026, up 56% year-over-year).
    • Options Contracts Traded were 324 million (up 2% from June 2026, up 66% year-over-year). ADVs were 14.7 million contracts (down 3% from June 2026, up 62% year-over-year).
    • Crypto Notional Trading Volumes were $10.9 billion (down 33% from June 2026, down 62% year-over-year), including Robinhood App Notional Trading Volumes of $4.3 billion (down 38% from June 2026, down 74% year-over-year) and Bitstamp Notional Trading Volumes of $6.6 billion (down 30% from June 2026, down 45% year-over-year). Robinhood App ADVs were $139 million (down 40% from June 2026, down 74% year-over-year), and Bitstamp ADVs were $213 million (down 32% from June 2026, down 45% year-over-year).
    • Event Contracts Traded were 6.1 billion (down 5% from June 2026, up 20x year-over-year). ADVs were 197 million contracts (down 8% from June 2026, up 20x year-over-year).

    Interest Earning Assets in July

    • Margin balances at the end of July were $20.7 billion (down 4% from the end of June 2026, up 82% year-over-year).
    • Cash and Deposit balances at the end of July were $19.5 billion (up 4% from the end of June 2026, up 34% year-over-year).
    • Cash Sweep balances at the end of July were $29.2 billion (down 2% from the end of June 2026, down 13% year-over-year).
    • Total Securities Lending Revenue in July was $40 million (down 2% from June 2026, down 34% year-over-year). This includes Securities Lending, Net revenues of $1 million.