Platform Robinhood reported about the fall in the volume of trading in crypto assets. The May indicator was 68% lower than the corresponding period in 2022 ($2.1 billion and $6.6 billion, respectively).
The turnover of crypto assets last month fell by 43% compared to April. The indicator decreased despite the growth in trading volumes in shares (+27%) and options (+29%).
The number of active users of the platform for the year fell from 14.6 million to 10.6 million. The April figure is 11.5 million.
Robinhood’s total assets rose to $81.8 billion from $77.4 billion in April and $73.9 billion in May last year.
Cryplogger previously reported that in the first quarter of 2023, Robinhood’s cryptocurrency revenue dropped by 30%.
Starting June 27, the platform will stop supporting Cardano, Polygon and Solana cryptocurrencies.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
Platform Robinhood reported about the fall in the volume of trading in crypto assets. The May indicator was 68% lower than the corresponding period in 2022 ($2.1 billion and $6.6 billion, respectively).
The turnover of crypto assets last month fell by 43% compared to April. The indicator decreased despite the growth in trading volumes in shares (+27%) and options (+29%).
The number of active users of the platform for the year fell from 14.6 million to 10.6 million. The April figure is 11.5 million.
Robinhood’s total assets rose to $81.8 billion from $77.4 billion in April and $73.9 billion in May last year.
Cryplogger previously reported that in the first quarter of 2023, Robinhood’s cryptocurrency revenue dropped by 30%.
Starting June 27, the platform will stop supporting Cardano, Polygon and Solana cryptocurrencies.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!