Robinhood Reports July Data: Registered Fund Users Reach 28.5 Million, Crypto Trading Volume Declines Sharply
Robinhood Markets released its operational data for July 2026. As of the end of July, registered fund users reached 28.5 million, an increase of approximately 1.77 million year-on-year; the platform's total assets were $355 billion, a year-on-year increase of 19%, but a month-on-month decrease of 4% compared to June; net deposits in July were $5.6 billion, with an annualized growth rate of 18%.
The nominal trading volume for stocks was $333 billion, a year-on-year increase of 59%; options contract trading volume was 324 million contracts, a year-on-year increase of 66%; event contract trading volume was 6.1 billion contracts, a year-on-year increase of approximately 20 times. Cryptocurrency trading volume was weak, with nominal crypto trading volume in July at only $10.9 billion, a month-on-month decrease of 33% and a year-on-year decline of 62%, with the app's year-on-year decline reaching 74%.
The margin balance was $20.7 billion, a year-on-year increase of 82%; cash and deposit balances were $19.5 billion, a year-on-year increase of 34%. Total revenue from securities lending was $40 million, a year-on-year decrease of 34%.
On the market mechanism level, the strong growth of stocks, options, and event contracts hedges the weakness in crypto, with funds flowing towards traditional securities and prediction market-related transactions. Beneficiaries are diversified trading platforms, while those under pressure are revenue structures reliant on crypto trading volume.
Source: Public Information
ABAB AI Insight
Robinhood continues to expand its user and asset scale, while the trading structure shows significant differentiation: high growth in stocks, options, and event contracts, contrasted with a notable contraction in crypto trading, reflecting changes in retail users' risk preferences and market cycles.
On the capital path, the company maintains asset growth through net deposits and margin expansion, motivated by diversifying income sources to reduce reliance on a single asset class, strategically enhancing contributions from new businesses like prediction markets.
Similar cases can be seen in other retail brokers experiencing trading volume fluctuations during crypto bull and bear transitions, as well as the rapid growth of innovative products like event contracts, currently transitioning retail trading from crypto dominance to a more balanced asset allocation phase.
The structural judgment indicates a transfer of pricing power: user trading interest is shifting from high-volatility crypto to stocks, options, and event contracts, with the mechanism being the platform's product matrix expansion capturing activity under different market conditions, thereby stabilizing overall revenue.
ABAB News · Law of Cognition
User growth and asset expansion proceed in parallel
Crypto weakness is hedged by diversified trading
Event contracts become a new growth engine