Catenaa, Friday, August 1, 2025- Robinhood Markets posted a 32% year-over-year increase in crypto trading volume to $28 billion in the second quarter, though activity dropped from $46 billion in the first quarter. Analysts said the brokerage could see upside from staking services and its new blockchain initiatives despite the quarter-over-quarter decline.
Cantor Fitzgerald analysts forecast modest growth for 2026, projecting a 6% crypto volume increase under historical seasonality trends, while noting regulatory momentum could push volumes higher. Bernstein analysts said the second half of 2025 “looks great” for a rebound in crypto activity.
Robinhood expanded into Ethereum and Solana staking in the U.S. during the quarter, growing its staked assets to $750 million, with more than $6 billion in stakable assets available. Analysts see potential for further growth as the platform adds more tokens and advances its Layer 2 blockchain for low-cost international stock trading.
HOOD shares traded around $106.15 Thursday, with Cantor reiterating its “overweight” rating and raising the price target to $118. Robinhood’s Q3 started strong with July net deposits exceeding $6 billion, supported by a revival of meme stock trading and expectations for record equity and options volume.
