Summary
- Reported that Robinhood's cryptocurrency trading volume decreased by 29% in February compared to the previous month.
- Analyzed that the decrease in cryptocurrency trading volume exceeded the decrease in stock and options trading volume.
- Explained that the trend of decreasing trading volume coincides with the overall cryptocurrency market downturn.
According to cryptocurrency media Coindesk on the 11th (local time), cryptocurrency trading volume on the stock and crypto trading app Robinhood decreased by 29% compared to the previous month in February.
The media analyzed that "Robinhood's decrease in cryptocurrency trading volume exceeded the decrease in stock and options trading volume on the platform," adding that "however, it increased by 122% compared to the same period last year."
It also explained that "this trend of decreasing trading volume coincides with the overall cryptocurrency market downturn."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
