Robinhood Markets saw its crypto trading volume grow 32% year-over-year to $28 billion in the second quarter of 2025. This growth occurred despite a drop in activity from the previous quarter's $46 billion, which was largely fueled by a post-election surge. The company’s total crypto trading volume for 2024 reached $141 billion.
Cantor Fitzgerald analysts are optimistic about the company's future. While they forecast a modest 6% crypto volume growth for 2026 due to anticipated market seasonality, they believe this could be significantly exceeded by factors like rising institutional demand and new regulatory clarity.
Robinhood's momentum appears to be continuing into Q3, with net deposits in July exceeding $6 billion. The company is also making strategic moves in new areas, holding $750 million in staked Ethereum and Solana and planning to add more assets. Additionally, its new Layer 2 blockchain, which offers cross-border stock trading, is gaining traction with international users.
Based on this continued platform expansion and crypto growth potential, Cantor Fitzgerald raised its price target for HOOD shares from $100 to $118, reaffirming an "overweight" rating.
August 2025, Cryptoniteuae