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Robinhood Crypto Trading Fell 29% as February Price Slide Distanced Retail Investors

Robinhood's cryptocurrency trading volumes dropped 29% in February, indicating a decline in retail interest. This decline in trading was more significant than the drops in equities and options trading. The decrease in cryptocurrency trading coincided with the market's slide, with Bitcoin losing 15% of its value and the broader cryptocurrency index falling by 23%. The slowdown in trading volumes may have implications for other platforms like Coinbase. However, Coinbase is mitigating the impact through its expansion of institutional services and blockchain infrastructure business. They recently introduced 24/7 bitcoin and ether futures trading.

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