Robinhood Platform Assets Hit $298B in July Driven by 217% Crypto Volume Surge

Robinhood Markets Inc. reported record platform assets of $298 billion in July 2025, marking a 106% year-over-year increase and a 7% growth from June [1]. This surge was driven by a dramatic rise in crypto trading, with the Robinhood app alone reporting $16.8 billion in crypto volume for the month—a 217% year-over-year increase and 110% increase from June [3]. When combined with trading on Bitstamp, the exchange it acquired earlier in the year, total crypto trading volume reached $28.7 billion [1].

The company also saw a significant influx of new users, with 2.5 million funded accounts added in July, bringing the total to 26.7 million [1]. Many of these were first-time investors drawn in by the platform’s user-friendly interface and low entry barriers. Net deposits for July were $6.4 billion, up 42% year-over-year and 28% annualized from June [1], contributing to the strong asset growth.

Crypto activity played a central role in Robinhood’s performance, with Bitcoin trading near $122,000 and Ethereum reaching all-time highs during the month. These favorable market conditions, coupled with strong interest in other tokens, drove increased engagement on the platform [1]. The Bitstamp acquisition also helped diversify customer bases and expand Robinhood’s global crypto footprint, with trading volumes on the platform growing 78% month-over-month [1].

While equities and options trading remain important revenue streams, digital assets are now a key growth driver for Robinhood. Crypto now accounts for a larger share of the company’s transaction revenue than in previous months [1]. Additionally, the firm is diversifying its income beyond transaction-based revenue, with securities lending and new financial products attracting both retail and institutional investors [1].

Robinhood is also expanding internationally, with plans to enter new markets later in 2025. Management believes that global expansion will help stabilize revenue and reduce dependency on U.S. market volatility. This push is complemented by product improvements aimed at attracting a broader range of investors, from casual traders to more experienced market participants [1].

In its Q2 2025 earnings report, the company posted a net loss of $123 million, down from $187 million in the same period the previous year. Revenue for the quarter reached $485 million, exceeding analyst forecasts of $430 million and prompting a 15% after-hours stock surge [1]. The improved financial performance was attributed to cost-cutting efforts and stronger results in key segments like equity trading, options trading, and crypto trading.

Robinhood’s recent acquisition of Bitstamp contributed significantly to its crypto revenue, which increased by 98% in Q2 to $160 million [1]. The integration of Bitstamp added $11.9 billion in crypto trading volume during July alone, further expanding Robinhood’s institutional offerings and services in lending and staking [1].

Despite the strong earnings report and operating metrics, Robinhood’s stock closed at $108.62 on August 13, down 4.79% for the day, amid a broader tech sector selloff [1]. While the stock rose nearly 15% in after-hours trading following the report, it saw only a modest rebound in pre-market trading on August 14 before falling back to $107.63 [1].

Analysts have projected a potential rise in HOOD stock to $230 based on continued revenue growth and margin improvements. According to forecasts, revenue is expected to grow from $2.9 billion in 2024 to $4 billion in 2025 and $7.3 billion by 2027, assuming the current growth rate continues [1]. Adjusted net margins have also improved significantly, reaching 35% in 2024 compared to negative figures in 2021 [1].

However, these projections remain speculative and are not official guidance from the company. Analysts caution that the long-term viability of Robinhood’s business model is still under scrutiny due to its high burn rate and dependence on favorable market conditions [1]. Over the past few months, the stock has trended upward, nearly doubling from around $55 in mid-May 2025 [1].

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[1] Robinhood Stock Faces Unexpected Bump Amid Breakout Earnings Report, HOOD To $230? (https://www.ainvest.com/news/robinhood-q2-earnings-surprise-drive-15-hours-stock-surge-2508/)

[2] Robinhood Markets platform assets grow 7% in July (https://seekingalpha.com/news/4484970-robinhood-markets-platform-assets-grow-7-in-july-helped-by-surge-in-crypto-trading)

[3] Robinhood July Crypto Volume Soars 110% to $16.8B, ... (https://coinfomania.com/robinhood-july-crypto-volume-soars-110-to-16-8b-assets-298b/)