-
Robinhood’s May Crypto Trading Volume Falls 68% to $2.1B
Popular trading platform Robinhood (HOOD) has seen a steep decline in crypto trading volume in May, the company reported on Monday, even while volume for equities and options remained high. The company reported that trading volume for cryptocurrencies dropped to $2.1 billion in May, down 43% from the prior month. On a yearly basis, crypto trading volume slowed 68%, it said. Daily average trading revenue (DART), a metric that tracks the average trade per day that generated commissions or fees, was down 22% in May and 53% year-over-year for crypto trading. Just last week, Robinhood delisted three tokens as part of its ... (full story)