Robinhood’s Crypto Volumes Fall Faster Than Rival Exchanges’

Crypto trading volumes recorded on Robinhood Markets Inc. more than halved in April, outpacing the decline seen on rival exchanges as digital-asset appetite among retail investors cooled.

Crypto notional trading volumes were $10.1 billion last month, Robinhood said in an operating report on Wednesday, down 57% from March’s volumes of $23.6 billion. It was still up 173% from the previous year’s period.

The stock-trading platform’s daily average revenue trades, a metric used to represent the number of trades per day that generated commission, slipped 43% to around 400,000. That measure was double the amount in April 2023. A Robinhood spokesperson ...