Robinhood Reports $325 Billion in Assets for November Amid Crypto Volume Decline

Robinhood Markets posted November total platform assets of $325 billion, down 5% from October, alongside declines in equities, options, and crypto trading volumes. Crypto volume fell to $28.6 billion, 12% lower than October and 19% below year-ago levels. Equity trading volumes dropped 37% month-on-month to $201.5 billion, though they were up 37% year-over-year. Bitstamp, Robinhood’s pending acquisition, saw volumes fall 11%. The slowdown sparked investor concerns over reduced retail activity, with Robinhood’s shares dropping 8% on Thursday despite being up 216% year-to-date.