Robinhood's combined cryptocurrency trading volume across its main app and Bitstamp fell to $17 billion in October, a 21% decline from September and 48% below the $32.5 billion recorded in October 2025, according to the company's monthly operating update released on November 12. Trading through the Robinhood app totaled $6.8 billion, down 24% month over month, while Bitstamp handled $10.2 billion, an 18% decline. Combined average daily crypto volume was $548 million, down from $713 million in September.
At the same time, customers traded 5.9 billion event contracts in October, up 5% from September and 136% from the 2.5 billion traded a year earlier, averaging about 190 million contracts per day. The shift was also visible in revenue: third-quarter event-contract revenue reached $173 million, while crypto transaction revenue fell 55% to $120 million. Options remained the largest disclosed transaction category at $399 million, followed by event contracts, equities at $121 million and cryptocurrencies. Total quarterly revenue rose 12% year over year to $1.42 billion, while net income fell 14% to $476 million and diluted earnings per share declined 16% to $0.51.
Robinhood attracted $15.1 billion in net deposits in October, although platform assets slipped 3% to $383.2 billion. Funded customers rose by about 130,000 to 28.9 million, margin balances increased 4% to $22.9 billion, and cash and deposits fell 20% to $16.4 billion, a decline Robinhood said had largely reversed in early November. The company also announced U.S. crypto perpetuals at its September 29 HOOD Summit, covering Bitcoin, Ether, Solana, XRP, Dogecoin, Cardano, Chainlink and Hyperliquid, with Bitcoin and Ether contracts allowing up to 10 times leverage and other listed assets capped at three times.
Robinhood's September prediction markets partnership with OG.com included a phased rollout to eligible U.S. customers beginning September 8, under investment terms from Citadel Securities that valued Crypto.com at $20 billion and the separated OG.com business at $5 billion. The report noted October's event-contract activity covered the final weeks before the November 3 midterm elections. Market data at the time showed Bitcoin trading near $66,755, Ether near $1,891 and Solana near $75.33, all down over the previous seven days.
