Yigit Taha OZTURK 
Financial technology platform Robinhood announced its third-quarter crypto trading volumes for 2024, reporting that they reached $14.4 billion. This figure represents more than a doubling compared to the same period last year.
Robinhood has successfully increased interest in crypto trading through its user-friendly interface and easy access for users. The CEO stated, “The growth in the crypto market reflects our users’ interest in this area. We are working to enable more people to engage with cryptocurrencies.”
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Robinhood’s Crypto Trading Volumes Increased by 112% Year-Over-Year
Robinhood‘s crypto trading volumes reached $14.4 billion, reflecting a 112% increase compared to the previous year. In contrast, equity trading volumes rose by 65% to $286.2 billion. However, crypto trading volume decreased from $21.5 billion in the second quarter and $36 billion in the first quarter.
The company’s transaction-based revenues grew by 72% year-over-year to $319 million. Analysts indicate that the growth in crypto trading is linked to improved market conditions and rising interest in cryptocurrencies, particularly among young investors.
As a result, Robinhood‘s performance reflects the effectiveness of its growth strategies and the dynamics of the crypto market. The sustainability of this trend in the coming quarters remains to be seen.
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