In October, Robinhood reported a significant decline in crypto trading activity, with total volume dropping to $17 billion. This figure represents a 21% decrease compared to September and a 48% decline from October 2025, when volume reached $32.5 billion.
The decline affected both segments of the company's crypto business. Trading volume on the flagship Robinhood app fell to $6.8 billion, down 51% year-over-year, while the Bitstamp exchange, acquired in 2025, processed $10.2 billion, marking a 45% annual decrease.
Daily average crypto trades across both platforms dropped to approximately 700,000, down from 1.1 million in October 2025. Average daily crypto volume also fell to $548 million, compared to $1.05 billion during the same period last year.
In contrast, the company's event contracts business saw substantial growth. Customers traded 5.9 billion contracts in October, a 136% increase from the 2.5 billion contracts traded a year earlier. Average daily volume for these contracts reached 190 million.
Other brokerage segments showed resilience, with equity volume rising 2% to $325 billion and margin balances climbing 39% to $22.9 billion. Total platform assets reached $383 billion, an increase of 12% compared to the previous year.
Despite the crypto slump, Robinhood continues its expansion. In October, the firm secured a license in Dubai to offer bitcoin and stock trading services in the Middle East, with operations scheduled to begin in 2027.
