Robinhood: Crypto trading volume declines by 21%, with 5.9 billion transactions of event contracts
Robinhood reports that in October, the volume of cryptocurrency trading decreased by 21% month-on-month to $17 billion; at the same time, customers traded 5.9 billion event contracts, a year-on-year increase of 136%.
- $17 billion in crypto transaction volume resulted in a 48% decrease in trading volume in October compared to the same period last year.
- Bitstamp processed transactions worth $10.2 billion, while the total amount of transactions completed through the Robinhood application was $6.8 billion.
- Event contract trading volume increased by 5% compared to September, and previously, the quarterly revenue from this business had already surpassed that from cryptocurrency trading.
- Despite the monthly decline in platform assets, Robinhood still attracted $15.1 billion in net inflows.
An operational update released by Robinhood on November 12 showed that both the retail applications and the encrypted trading activities on Bitstamp had declined. The volume of transactions within the applications decreased by 24% compared to September, while on Bitstamp, it fell by 18%.
Robinhood The volume of encrypted transactions is below August's level.
Compared to October 2025, in-app transactions have declined by 51%, and the trading volume of Bitstamp has decreased by 45%. The combined average daily trading volume of cryptocurrencies for both is 548 million US dollars, which is a 23% decrease from September.
Calculated according to the rounded monthly data stated in the announcement, the combined encrypted transaction volume decreased by $4.4 billion from September's $21.4 billion. Bitstamp accounted for 60% of the total in October, a proportion derived by dividing its $10.2 billion in transactions by the total of $17 billion.
The latest monthly total is lower than the $17.5 billion recorded in August. crypto.news Previously, it was reported that trading volume in August rebounded by 61% compared to July's $10.9 billion. During August, Bitstamp processed $10.1 billion in transactions, with $7.4 billion in transactions within the application.
Comparing these two months, the US dollar turnover of Bitstamp has hardly changed, while transactions within the application have decreased by 600 million dollars. Based on the disclosed total amounts, the total transaction volume in October was about 2.9% lower than in August, and this is true even considering that the figures for September were stronger.
The trading volume in August was also lower than the same period last year. At that time, the total trading volume decreased by 38% year-on-year, with in-app transactions declining by 46%, while Bitstamp contributed to most of the rebound for that month.
Quarterly revenue from event contracts exceeds that of the crypto business
In October, the trading volume of event contracts increased by 5% compared to September, reaching an average of 190 million contracts per day. This daily average figure represents a 2% increase from the previous month and a 135% increase compared to October 2025.
In the third-quarter results announced on October 27th, Robinhood reported event contract revenue of $173 million, which is more than six times that of the same period last year. Cryptocurrency transaction revenue, however, decreased by 55% to $120 million.
This means that the income generated by event contracts in that quarter was $53 million more than that from the crypto business. Options remain the largest segment of the disclosed transactions, with revenue amounting to $399 million; followed by event contracts, with $121 million in revenue, and then the cryptocurrency business.
Quarterly total revenue reached $1.42 billion, a year-on-year increase of 12%; net profit decreased by 14% to $476 million. Diluted earnings per share fell by 16% to $0.51, and the company recorded an unrealized loss of $67 million, which is mainly related to Robinhood Ventures Fund I.
In September, the company reached a predictive market cooperation agreement with OG.com, which includes plans to route event contract transactions for retail customers through that provider's exchange and clearing infrastructure. The announcement stated that this will be rolled out in phases to eligible US customers starting from September 8th.
According to this agreement, Robinhood will hold the initial equity of OG.com and Crypto.com. The pricing follows the investment terms of Citadel Securities; Crypto.com is valued at $20 billion, and the business of OG.com after the split is valued at $5 billion.
US crypto derivatives are still in the product advancement plan.
While expanding its event contract business, Robinhood also announced on September 29th on HOOD Summit the launch of perpetual contracts for US cryptocurrencies. The planned contracts cover Bitcoin, Ethereum, Solana, XRP, Doge Coin, Cardano, Chainlink, and Hyperliquid.
According to the company's announcement at the summit, eligible American customers will be able to establish long or short positions with no expiration date. Bitcoin and Ethereum contracts offer a maximum leverage of 10 times, while the limit for other assets is 3 times.
Robinhood indicates that its derivative subsidiary will provide these contracts through Bitstamp and will charge a transaction fee of 0.01% before the end of the year. The announcement states that the product will be gradually launched over the coming months, and lists risk control features planned to be included, such as stop-loss orders, take-profit orders, forced liquidation price tracking, and position reminder services.
The same product announcement also introduced financial reporting contracts that cover company indicators, including whether a company exceeds profit expectations or meets revenue targets. Robinhood indicates that these binary options will be provided through Cboe, and approval for option trading is required. They will be offered to eligible customers in the coming weeks.
Platform assets decline, while net cash inflows rise.
In addition to encryption services, the stock trading volume in October reached $325.5 billion, a month-on-month increase of 1%; the total number of option contracts was 288.6 million, remaining relatively stable. The number of funded accounts reached 28.9 million, an increase of about 130,000 compared to the end of September.
The margin balance reached $22.9 billion, a month-on-month increase of 4%. Cash and deposits decreased by 20% to $16.4 billion, which Robinhood attributes mainly to net customer purchases. The company stated that this decline has largely been reversed since early November. The balance of the cash management account was $30.8 billion at the end of October, a decrease of 5% from September and 10% year-over-year.
The total net inflow of funds was 15.1 billion US dollars, but the platform's assets decreased by 3% to 383.2 billion US dollars. According to the definition of Robinhood, since July 2026, the platform's assets have included Trump Account assets, and the net inflow of funds has included payments from Trump Account; the total number of customers who contributed funds does not include Trump Account.
