Robinhood Markets has released its operating data for February 2026, revealing a significant shift in trading activity, with cryptocurrency volumes sharply increasing while traditional asset classes declined. The brokerage reported total crypto trading reached $25 billion for the month, representing a 9% increase compared to January and a substantial 74% year-over-year rise.
Platform assets stood at $314 billion at the end of February, a 3% decline from January but a 68% increase compared to February 2025. The company's funded customer base grew to 27.4 million accounts, adding approximately 140,000 new accounts during the month. Net deposits for February reached $5.6 billion, corresponding to an annualized growth rate of 21%.
The crypto trading breakdown shows $9.4 billion was processed through the Robinhood app itself, an 8% increase from the previous month. The remaining $15.6 billion was routed through Bitstamp, the cryptocurrency exchange Robinhood acquired in 2025, which saw a 10% month-over-month volume increase. Average daily crypto trading volumes reached $893 million during February, with Robinhood app trading averaging $336 million per day and Bitstamp averaging $557 million.
This crypto growth contrasts sharply with declines in other asset classes. Equity notional trading volumes fell to $194.4 billion, a 14% decrease from January, though still 36% higher than February 2025. Options trading activity also decreased, with 180.3 million contracts traded during February, representing a 10% month-over-month decline. The sharpest drop was in event contracts, which plunged 29% to 2.4 billion contracts, indicating speculative energy rotating away from prediction markets and back into cryptocurrencies.
The data suggests that retail participation in digital assets continues to grow robustly, with crypto being the only product line showing sequential monthly growth to start 2026. This rotation coincides with Bitcoin trading near all-time highs and increased volatility across major cryptocurrencies and meme-adjacent tokens, pulling in both retail flow on the app and larger institutional tickets via Bitstamp.
