Robinhood's Crypto Volume Soars 32% YoY as Staking, Blockchain Plans Unfold

- Q2 2025 crypto trading volume up 32% year-over-year to $28 billion - Crypto revenue surges 98% year-over-year to $160 million on new initiatives According to its earnings report on July 30, 2025, Robinhood’s crypto trading volume increased 32% year-over-year to $28 billion in the second quarter. While this represented a 39% dip from the previous quarter, crypto-related revenue soared 98% year-over-year to $160 million, a surge that spotlights the impact of the company's strategic blockchain and tokenization initiatives. The Block reported on July 31 that Robinhood's expansion into blockchain-driven services holds potential for long-term growth. This expansion includes the launch of tokenized U.S. stocks and ETFs for its European Union customers in June 2025, a move that grants access to over 200 U.S. equities in a tokenized format on the Arbitrum blockchain. Consequently, this rollout transformed Robinhood EU from a crypto-centric app into a broader investment platform, improving user engagement and product diversification. Robinhood is also developing its proprietary Layer 2 blockchain. The company leverages Arbitrum technology to enable 24/7 trading, faster settlements, lower fees, and self-custody for tokenized assets. These advancements aim to address persistent challenges in cryptocurrency adoption and expand trading accessibility for users worldwide. To further strengthen its ecosystem, Robinhood extended staking services for Ethereum and Solana to eligible U.S. customers. This expansion builds on the service's initial launch in Europe. The initiative meets growing market interest in staking and allows users to earn rewards through decentralized finance protocols. To bolster global operations, Robinhood acquired crypto exchange Bitstamp and Canadian-based WonderFi. The Bitstamp purchase delivered critical regulatory licenses that position Robinhood for cross-border business expansion and institutional offerings. Although quarter-over-quarter trading volume showed volatility, analysts point to Robinhood's long-term potential. They cite several major strengths driving sustained growth, including increasing institutional engagement, the promise of Layer 2 solutions, and the pioneering tokenized equities model. According to CoinMarketCap, as of 18:09 UTC on July 31, Ethereum (ETH) traded at $3,763.30, a 0.87% decline over 24 hours. Meanwhile, Solana (SOL) was priced at $176.72, down 1.28%, and Arbitrum (ARB) was valued at $0.407, reflecting a 2.77% drop.