Robinhood’s Crypto Trading Volume Falls 48% in October as Event Contracts More Than Double

Crypto trading on Robinhood fell by almost half from a year ago in October, the company said Thursday, as customers traded $17 billion of digital assets while their bets on event contracts more than doubled.

The $17 billion figure was down 21% from September and 48% from October 2025, when crypto notional volume reached $32.5 billion. It covers both the flagship Robinhood app and Bitstamp, the crypto exchange the company bought in 2025.

Volume in the Robinhood app fell to $6.8 billion, down 24% from September and 51% from a year earlier. Bitstamp handled $10.2 billion, down 18% month over month and 45% year over year.

Average daily crypto volume across both platforms came to $548 million, compared with $713 million in September and about $1.05 billion a year ago. Daily average crypto trades slipped to about 700,000 from 900,000 in September and 1.1 million in October 2025.

Event contracts take off as crypto cools

The contrast with Robinhood’s prediction markets business is stark. Customers traded 5.9 billion event contracts in October, up 5% from September and 136% from the 2.5 billion traded a year earlier. Average daily volume reached 190 million contracts.

Robinhood counts crypto and prediction markets on the same 31-day calendar, since both trade every day, so the comparison is apples to apples. Event contracts let users bet on outcomes such as elections, sports and economic data, and October’s tally covered the final weeks before the Nov. 3 midterm elections.