Robinhood Crypto Volume Slides 21% in October, Down 48% Year-Over-Year
HOOD sits 29% above its 52-week low of $63.515.
Summary
Robinhood's October crypto notional trading volume came in at $17.0B, down 21% from September 2026 and 48% lower than a year ago. That matters because crypto revenue already halved in Q3, when record total revenue of $1.42B still came with a 16% drop in net income to $468M. Two straight months of shrinking crypto activity points to another weak transaction-revenue quarter unless event contracts and equities pick up the slack. The company has leaned on event contracts, which generated $173M in Q3, and on product expansion such as the Robinhood Agents AI platform to offset the crypto drag.
At the time of this announcement, HOOD was trading at $82.01 on NASDAQ in the Finance sector, with a market capitalization of approximately $73.3B. The 52-week trading range was $63.52 to $139.75. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.