Online broker Robinhood has reported that crypto asset trading volume on its platform has fallen.
According to the company, the May figure was 68% lower than the corresponding period in 2022 ($2.1 billion and $6.6 billion, respectively).
It is worth noting that crypto trading volume last month fell by 43% compared to April. The indicator decreased in spite of the growth in volumes traded in stocks (+27%) and options (+29%).
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The number of active users of the platform for the year fell from 14.6 million to 10.6 million, while April's figure stood at 11.5 million.
Robinhood's total assets increased to $81.8 billion from $77.4 billion in April and $73.9 billion in May last year.
Yesterday we reported that Robinhood has discontinued support for Cardano, Polygon and Solana.