In keeping with Robinhood February knowledge, crypto notional buying and selling quantity rose 9% to $25 billion, whereas shares, choices and occasion contracts contracted, proving speculative power is returning to the coin.
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- Cryptocurrency notional notional transactions reached $25 billion in February, up 9% month-on-month and 74% year-over-year, of which $9.4 billion was transferred via apps and $15.6 billion by way of Bitstamp.
- Notional fairness buying and selling quantity fell 14% from January to $194.4 billion, and choice contracts fell 10% to $180.3 million, highlighting a cooling in threat urge for food outdoors of cash.
- Occasion contracts have plunged 29% in comparison with January, indicating that hypothesis is shifting away from Robinhood’s prediction market and again into risky crypto names.
Robinhood’s February numbers are revealing. Cryptocurrency is the lifestyle and all the things else is gone.
Robinhood’s cryptocurrency buying and selling quantity soars in February
Robinhood reported that crypto notional buying and selling quantity was $25 billion in February, a rise of 9% month-over-month and 74% year-over-year. Of that quantity, $9.4 billion went via the Robinhood app itself, and the remaining quantity was despatched via Bitstamp. Bitstamp was acquired by Robinhood in 2025 and is at present used as an institutional and excessive liquidity backend. This follows January’s $22.9 billion in crypto buying and selling quantity, marking Robinhood’s second consecutive month of progress in digital asset exercise heading into 2026.
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The crypto progress comes as Bitcoin trades close to all-time highs and volatility picks up throughout main and meme-adjacent tokens, pulling in each retail circulate on the app and large tickets by way of Bitstamp. For Robinhood, this mixture is right. It is extra conceptual, with fatter spreads and extra engagement for product strains that had been imagined to be phased out after 2021, however at the moment are the one product line that is really being leveraged.
Shares, choices, and occasion contracts hunch
Every little thing besides cryptocurrencies goes in the wrong way. Notional fairness buying and selling quantity in February was $194.4 billion, down 14% from January however nonetheless up 36% 12 months over 12 months. Choice contracts traded fell to 180.3 million contracts, down 10% month over month and up simply 9% 12 months over 12 months, with common every day choices buying and selling quantity at 9.5 million contracts, down 5% in comparison with January.
The toughest hit was Robinhood’s occasion contracts, a prediction market-style product. Simply 2.4 billion occasion contracts had been traded in February, down 29% from January ranges, however returning a number of the progress the corporate had touted as a part of its post-meme diversification story. This exhibits the place the speculative power has rotated. I moved away from binary macro betting and returned to leveraged play in opposition to BTC and buddies.
What this rotation really means
From a market construction perspective, Robinhood is only a reflection of the broader scenario. Cryptocurrency volatility and upside developments are attracting flows on margin, whereas particular person inventory and choices buying and selling has subsided after a wild rally. For the crypto market, extra retail circulate via Robinhood and Bitstamp means extra noise, extra compelled shopping for and promoting round headlines, and thicker tails on either side within the occasion of a Fed or macro shock.
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