Robinhood July crypto trading volume falls 33% from previous month

Robinhood’s nominal cryptocurrency trading volume fell to $10.9 billion in July, down 33% from the previous month and 62% from a year earlier, The Block reported. Crypto trading volume within the Robinhood app dropped 74% from a year earlier to $4.3 billion, while volume at subsidiary crypto exchange Bitstamp declined 45% to $6.6 billion.