Overview
- In its Nov. 12 operating update, Robinhood said customers traded $17 billion of crypto in October, a 21% drop from September and a 48% decline from October 2025.
- October crypto flows split $6.8 billion on the Robinhood app and $10.2 billion on Bitstamp, with average daily crypto volume falling to $548 million and about 700,000 daily trades.
- Users traded 5.9 billion event contracts in October, up about 136% year over year, and event‑contract revenue outpaced crypto transaction revenue in the third quarter.
- Core platform metrics remained solid with 28.9 million funded customers, $15.1 billion in net deposits and $383 billion in platform assets, and the October figures are preliminary and unaudited.
- The company’s move to expand prediction markets, U.S. crypto derivatives and overseas licenses could change its revenue mix but has prompted scrutiny from lawmakers concerned about regulation.