Robinhood Markets (NASDAQ:HOOD) stock rally puts Bitstamp, event-contract volumes under the microscope
Robinhood Markets, Inc. enters Thursday’s final U.S. stock session of the holiday-shortened week with a new problem for bulls: the share price has already paid for more than a crypto headline. The stock last stood at $108.65, up 8.35% from the prior close, with a market value of about $99.4 billion. Nasdaq 100 futures were down 0.5% early Thursday, with regular U.S. trading still ahead. The fresh angle is in the June operating data. Through June 25, Robinhood’s selected volumes had already topped May’s full-month totals in every disclosed trading bucket. Event contracts were the outlier, up about 33% versus May, while Bitstamp crypto volume rose far faster than Robinhood app crypto volume. That matters because the July 1 London product launch leaned heavily on DeFi, international crypto and derivatives, not just the U.S. brokerage app.