Robinhood sees May crypto trading volume tumble 68% from a year ago

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Robinhood sees May crypto trading volume tumble 68% from a year ago
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Robinhood Markets Inc. reported Monday that cryptocurrency notional trading volumes totaled $2.1 billion in May, down 43% from $3.7 billion in April and less...

Robinhood Markets Inc.

reported Monday that cryptocurrency notional trading volumes totaled $2.1 billion in May, down 43% from $3.7 billion in April and less than one-third from $6.6 billion in the same period a year ago. Shares of the trading app rose 0.4% in premarket trading. Meanwhile, trading volume for equities was $49.4 billion in May, up 27% from April but down 15% from last year, while trading volume in options was 97.5 million contracts in May, up 29% from April and 36% more than a year ago.

reported Monday that cryptocurrency notional trading volumes totaled $2.1 billion in May, down 43% from $3.7 billion in April and less than one-third from $6.6 billion in the same period a year ago. Shares of the trading app rose 0.4% in premarket trading. Meanwhile, trading volume for equities was $49.4 billion in May, up 27% from April but down 15% from last year, while trading volume in options was 97.5 million contracts in May, up 29% from April and 36% more than a year ago.

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