Less than three months after being acquired by Robinhood, Crypto Exchange Bitstamp has exceeded cryptography negotiation volumes of its main platform, registering an increase of 21% in August to $ 14.4 billion.
According to a report by the Robinhood company on Thursday, the Cryptographic Nominal Volumes of Robinhood fell 18% in August compared to July, reaching only $ 13.7 billion.
The data show that this volume had had a low trend for Robinhood since November 2024, when it registered a record quarter, but increased in July before falling in August.
Robinhood completed his Bitstamp acquisition of $ 200 million on June 2, adding more than 5,000 institutional clients and 50,000 retail customers to the Total Robinhood base.
The exchange of cryptography will play a fundamental role in the company’s ambitions in the real world asset tokenization market.
Bitstamp, now officially called Bitstamp by Robinhood, is connected to Robinhood Legend and its intelligent exchange routing offer, which facilitates trade between the two platforms.
While combined cryptocurrency negotiation volumes between Bitstamp and Robinhood fell 2.1% compared to the previous month, Total Robinhood assets increased 2% during the month to $ 304 billion, with about $ 41 million in cryptography.
Crypto Market finished flat in August
The largest cryptographic market experienced only one minor increase in commercial volumes in August, and prices end approximately where they began.
When asked why the Robinhood cryptography trade may have stagnated, Ryan McMillin, CEO of the Australian cryptographic fund management firm Merkle Tree Capital, told seasonality, noting that, as a platform based in North America, trade could have been affected by the summer holiday period.
Looking more widely, McMillin said that the feeling of the cryptography market has been “relatively quiet” lately, since he expects key macro signs, particularly if recent weakened works and inflation data justify a target cut and, if so, to what extent.
“Trump has been pressing for lower rates, while Jerome Powell has fallen his heels, now that seems to have changed.”
However, he and CK Zheng, founder and investment director of ZX Squared Capital, see an increase in the volume of general negotiation soon, since they expect Crypto to reach the new maximums before the end of the year.
Zheng is also not convinced that the fourth quarter will mark the peak of the current market cycle based on the four -year cryptographic cycle thesis, pointing out a stronger institutional adoption with the funds assigned by cryptographic exchange and cryptographic treasury companies.
Robinhood now at the S&P 500
Meanwhile, Robinhood debuted at the Standard & Poor’s 500 this week, bringing another cryptoactive company to the most tracked actions index in the United States.
Related: Ark Invest Buy Dip: Purchases $ 21 million Robinhood shares of $ 16 million
“This movement expands the exposure and the connection of the index with the economy of digital assets,” said Edwin Mata, CEO of the Brickken Tokenization Platform, in comments to Cointelegraph on Tuesday when Hood Shares recovered more than 16% in the day.
Robinhood’s inclusion occurred when Michael Saylor’s strategy was disregarded.
Robinhood launched its own layer 2
In early July, Robinhood launched a layer 2 block chain focused on tokenization for its client base in the European Union, giving them access to US actions.
He also launched perpetual futures in the EU, giving access to eligible merchants to derivatives with up to three times leverage. The operations will be enrupted through Bitstamp, the exchange of encryption that recently acquired for $ 200 million.
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