Robinhood crypto volume drops 21% to $17 billion in October

Crypto volume fell across both Robinhood’s app and Bitstamp. App trading declined 24% from September to $6.8 billion, while Bitstamp’s volume was down 18% to $10.2 billion. Combined average daily volume came to $548 million, a 23% monthly drop. Bitstamp accounted for 60% of October’s total, based on the rounded figures in the update.

The October total was below the $17.5 billion recorded in August and about 2.9% lower than that month’s level. In August, the app handled $7.4 billion and Bitstamp $10.1 billion. Compared with October 2025, trading fell 51% on the app and 45% on Bitstamp.

Event contracts averaged 190 million trades a day in October, up 5% from September and 135% year over year. In its third-quarter results, released Oct. 27, Robinhood reported $173 million in revenue from event contracts, more than six times the year-earlier amount. Crypto transaction revenue fell 55% to $120 million, leaving event contracts $53 million ahead for the quarter. Options generated $399 million, while equities brought in $121 million.

October equity trading totaled $325.5 billion, up 1% monthly, and options contracts stood at 288.6 million, little changed. Funded customers reached 28.9 million, about 130,000 more than at September’s end. Net deposits were $15.1 billion, even as platform assets fell 3% to $383.2 billion. Cash and deposits declined 20% to $16.4 billion; Robinhood attributed the decrease mostly to customer net buying and said it had largely reversed in early November.