Robinhood Stock Slides 8% After Big Decline in November Trading Volumes

• Robinhood reported a sharp drop in trading volumes across equities, options and crypto in November.
• The company's total platform assets also fell 5% month-over-month to $325 billion.
• The slowdown in trading activity raised investor concerns that retail engagement may be fading heading into year-end.

Tumbling crypto prices appear to have played a part in disappointing overall trading volume results for Robinhood (HOOD).

The brokerage app reported crypto volume of $28.6 billion in November, down 12% from October's $32.5 billion. That amount was also down 19% from year-ago levels, when crypto was surging thanks to Donald Trump's election victory.

Bitstamp, the crypto exchange Robinhood agreed to acquire earlier this year, also saw volumes fall 11%.

As for equity trading volumes, they struggled as well, dropping 37% month-over-month in November to $201.5 billion. They were, however, higher by 37% on a year-over-year basis.

Robinhood's total platform assets declined by 5% in November to $325 billion.

The November slowdown raised concerns that the burst of retail trading activity seen in recent months may be cooling. For a company heavily dependent on transaction-based revenue, slumping volumes in equities, options and crypto can weigh on earnings potential.

Shares are lower by 8% on Thursday, but remain higher by 216% on a year-to-date basis.

• As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
• GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
• Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

• BTC briefly dipped below $90,000 after Wednesday's 25 basis-point U.S. rate cut before rebounding, but price action lacked a clear fundamental catalyst.
• Tokens such as JUP, KAS and QNT posted double-digit weekly losses, while CoinMarketCap’s altcoin season index fell to a cycle low of 16/100.
• CoinDesk’s Memecoin Index is down 59% year-to-date versus a 7.3% decline in the CD10, highlighting a shift from retail-driven hype to more institutionally led, slower-moving markets.

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