Robinhood released its October operating data on November 12.
Crypto activity declined noticeably: October notional trading volume was $17 billion, down 21% from September and 48% year over year. Robinhood App accounted for $6.8 billion, down 51% year over year; Bitstamp accounted for $10.2 billion, down 45%.
On the other hand, event contracts (prediction markets) saw 5.9 billion contracts traded, up 136% year over year. Net inflows remained solid: net deposits were $15.1 billion in October. At month-end, funded customers totaled 28.9 million, and platform assets were about $383 billion.
$HOOD
Crypto activity declined noticeably: October notional trading volume was $17 billion, down 21% from September and 48% year over year. Robinhood App accounted for $6.8 billion, down 51% year over year; Bitstamp accounted for $10.2 billion, down 45%.
On the other hand, event contracts (prediction markets) saw 5.9 billion contracts traded, up 136% year over year. Net inflows remained solid: net deposits were $15.1 billion in October. At month-end, funded customers totaled 28.9 million, and platform assets were about $383 billion.
$HOOD
