Robinhood October crypto volumes plunge 48% YoY to $17B, flagging weaker crypto-related revenue
Nov 13, 2026, 12:14 PM EST1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
The sharp decline in crypto trading volumes is a direct hit to transaction-related revenue and trading fees; if lower volumes persist it will reduce near-term revenue and potentially compress trading-margin related income. This assumes fee rates and crypto revenue mix remain similar to prior months.
AI summary
What happened, with direct paths to the underlying reporting
Robinhood’s October operating report shows crypto notional volumes of $17 billion—down 21% month over month and 48% year over year—alongside weaker average daily crypto volumes and lower cash balances.
Robinhood’s crypto notional trading volumes came in at $17 billion in October, down 21% from September and 48% year over year.
Volumes on the Robinhood app were $6.8 billion in October, down 24% month over month and 51% year over year; Bitstamp volumes were $10.2 billion, down 18% month over month and 45% year over year.
Average daily crypto volumes on the Robinhood app fell 26% from September to $219 million, while Bitstamp’s average daily volumes fell 21% to $328 million.
Total platform assets ended October at $383 billion, down 3% from September but up 12% year over year; net deposits totaled $15.1 billion for the month.
Funded customers rose to about 28.9 million (up ~130,000 from September and ~1.8 million year over year); cash and deposit balances fell 20% from September to $16.4 billion.
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