Robinhood's crypto trading volume fell 48% in October as event contracts more than doubled
Customers traded $17.0 billion of crypto on the app and Bitstamp, against $32.5 billion a year earlier. Event contracts rose 136% to 5.9 billion, according to the company's monthly figures.
Robinhood's customers traded $17.0 billion of crypto in October 2026, 48% less than a year earlier and 21% less than in September, the company said in its monthly operating data on Thursday, November 12. Trading in event contracts, which pay out depending on the outcome of an event, rose 136% from a year earlier to 5.9 billion contracts.
Crypto trading in October
| Measure, October 2026 | Value | Change from September | Change from October 2025 |
|---|---|---|---|
| Crypto notional volume (total) | $17.0 billion | -21% | -48% |
| Robinhood app | $6.8 billion | -24% | -51% |
| Bitstamp | $10.2 billion | -18% | -45% |
| Average daily crypto volume | $548 million | -23% | -48% |
| Event contracts traded | 5.9 billion | +5% | +136% |
Source: Robinhood. Crypto and event contracts trade every day, so October counts 31 trading days for both, the same as a year earlier.
Bitstamp, the crypto exchange that is part of Robinhood, now accounts for about 60% of the company's crypto volume, by our calculation from the release. Average daily event-contract volume was 190 million contracts, up 135% from a year earlier.
The release does not explain the fall in crypto trading. After the period it covers, on November 13, Bitcoin (BTC) fell below $70,000 for the first time since August 20.
The rest of the business
Outside crypto, October was steadier. Equity trading volume was $325 billion, up 2% from a year earlier, and 289 million options contracts changed hands, up 8%. Funded customers rose by about 130,000 in the month to 28.9 million.
Net deposits were $15.1 billion. Total platform assets fell 3% from September to $383 billion but were 12% higher than a year earlier. Since July 2026, platform assets include Trump Account assets custodied by Robinhood, and net deposits include Trump Account contributions, the company noted.
Cash and deposit balances fell 20% in the month to $16.4 billion. Robinhood said the drop was mostly because customers were net buyers of assets and that it has largely reversed in early November.
Why it matters
October is the first month of Robinhood's fourth quarter. In its third-quarter results on October 27, the company reported crypto revenue of $120 million, down 55% from a year earlier. Crypto trading earns Robinhood fees on each transaction, so lower volume usually means less of that revenue, although the monthly release does not report revenue.
Event contracts, Robinhood's prediction markets product, face legal challenges in some states. On November 12, Louisiana sued Robinhood, Kalshi and eight other platforms, according to local media reports.
What it could mean for traders
The October figures show crypto trading by Robinhood's customers running at about half of the October 2025 level, while trading in event contracts kept growing. The November figures, when Robinhood publishes them, will show whether the drop in the Bitcoin price brought crypto traders back or reduced activity further.
Sources
- Robinhood Markets — Robinhood Markets, Inc. Reports October 2026 Operating Data (November 12, 2026)
- Bitcoin Magazine — Robinhood's Crypto Trading Volume Falls 48% in October as Event Contracts More Than Double (November 13, 2026)
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This article is for information only and is not financial advice. Crypto assets and leveraged products are volatile and you can lose money. Do your own research and consider your circumstances before trading.