Robinhood Markets reported a 32% year-over-year increase in crypto trading volume, hitting $28 billion in Q2—even as activity cooled from the previous quarter’s $46 billion.
The company racked up $141 billion in crypto trading throughout 2024, largely driven by a post-election surge that added $70 billion in Q4 alone.
Despite the slowdown, analysts at Cantor Fitzgerald remain upbeat. While they project just 6% crypto volume growth in 2026 due to expected market seasonality, they acknowledge that rising institutional demand and regulatory clarity could blow those forecasts out of the water.
Robinhood’s momentum continues into Q3, with July net deposits exceeding $6 billion. Analysts are also anticipating record equity and options volume for the month, citing renewed meme stock interest.
Meanwhile, the company’s push into staking and tokenized equities is gaining traction. As of late July, Robinhood holds $750 million in staked Ethereum and Solana, with plans to support more assets soon. Its new Layer 2 blockchain also offers cross-border stock trading with minimal FX fees—targeting international users priced out of U.S. markets.
Cantor analysts raised their price target on HOOD shares from $100 to $118, reiterating an “overweight” rating based on continued platform expansion and crypto upside potential.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
Source: https://coindoo.com/robinhood-hits-28b-in-crypto-trades-analysts-see-continued-upside/