Robinhood's cryptocurrency trading volume in October decreased by 48% year-on-year, and the trading volume of event contracts doubled

According to Bitcoin Magazine, Robinhood announced its operational data for October, with nominal trading volume in crypto assets at $17 billion, a decrease of 21% month-over-month and a decrease of 48% year-over-year, compared to $32.5 billion in the same period last year.

This data covers both the main Robinhood app and the crypto exchange Bitstamp, acquired in 2025. The trading volume on the Robinhood app fell to $6.8 billion, down 24% month-over-month and down 51% year-over-year; Bitstamp recorded $10.2 billion in transactions, down 18% month-over-month and down 45% year-over-year. The average daily crypto trading volume across both platforms was $548 million, lower than September's $713 million and last year's approximately $1.05 billion; the average daily transaction count was about 700,000, compared to 900,000 in September and 1.1 million in October last year.

In contrast to the crypto business, the prediction market saw growth. In October, users completed 5.9 billion event contracts, an increase of 5% month-over-month and an increase of 136% year-over-year, compared to 2.5 billion contracts in the same period last year, with an average daily transaction of 190 million contracts. Robinhood aggregates crypto and prediction market statistics over a 31-day calendar, allowing users to bet on outcomes related to elections, sports, and economic data.

During the same period, nominal stock trading volume increased by 2% year-over-year to $325 billion, with options contracts totaling 289 million, an increase of 8% year-over-year; margin balances were $22.9 billion, an increase of 39% year-over-year. The number of funded customers increased by about 130,000 to 2.89 million, with net deposits of $15.1 billion, and total assets on the platform were $383 billion, down 3% month-over-month and up 12% year-over-year.

The decline in crypto trading volume coincides with a general retreat of retail investors. Bitcoin closed at about $83,500 at the end of September and has continued to decline, dropping below $70,000 for the first time since August on Friday morning, following a higher-than-expected inflation report that raised market bets on a Federal Reserve rate hike in December. The U.S. spot Bitcoin ETF saw net outflows for the sixth consecutive trading day on Thursday, with the largest, BlackRock's IBIT, experiencing outflows of about $2 billion over the nine trading days ending Wednesday, erasing all net inflows for the spot Bitcoin ETF in 2026.

Robinhood did not specify the reasons for the decline in crypto trading volume; this monthly data is unaudited and preliminary. The company obtained a license in Dubai in October and will offer Bitcoin and stock trading in the Middle East starting in 2027; during the month, cash and deposit balances fell by 20% to $16.4 billion, which the company attributed mainly to customers being net buyers, a decline that has largely reversed by early November.