Robinhood crypto trading volume falls 21% in October
Image: Bitcoin MagazineRobinhood reported October crypto trading volume of $17 billion, down 21% from September and 48% from a year earlier. The Robinhood app handled $6.8 billion, while Bitstamp handled $10.2 billion. Combined average daily crypto volume was $548 million. Customers traded 5.9 billion event contracts, up 5% from September and 136% from a year earlier. Event contracts averaged 190 million contracts a day.
Key points
- Robinhood's October crypto trading volume was $17 billion, down 21% from September and 48% from a year earlier.
- The Robinhood app handled $6.8 billion in crypto volume, while Bitstamp handled $10.2 billion.
Why it matters
Lower crypto trading volume can mean fewer transaction fees for Robinhood, even as event-contract activity grows. October crypto volume fell across both the main app and Bitstamp.
What's unclear
Robinhood did not say why crypto activity fell.
Sources · 2 publishers
Crypto.news
Tier 2
Robinhood crypto volume falls 21% as event contracts hit 5.9B
Coverage timeline
- First reported by Bitcoin Magazine
- Also reported by Crypto.news
- CryptoVideos brief published
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