HOOD - Robinhood Crypto Trading Volume Slumped 57% In April | Benzinga
Robinhood Markets Inc. (NASDAQ:HOOD) reported a significant decline in crypto trading volumes for April, reflecting a broader cooling in retail investor interest in digital assets.
What’s Next: The trading platform revealed in an operating report on Wednesday that its crypto notional trading volumes dropped to $10.1 billion in April, a steep 57% decrease from March’s $23.6 billion, Bloomberg reported.
Despite this sharp fall, the figures were still up 173% compared to the same period last year.
The company’s daily average revenue trades (DARTs), which indicate the number of trades per day that generated commissions, also saw a notable decrease.
DARTs slipped 43% to approximately ...