$HOOD

Robinhood Markets posts mostly lower trading volumes M/M in November

Robinhood Markets (HOOD) recorded lower trading volumes across all asset classes sequentially in November, except for the newer events stream, the company said on Wednesday.

Equity trading volume of $201.5B in November dropped 37% from a month earlier, but gained 37% Y/Y. Options contracts totaled 193.2M last month, down 28% M/M and up 24% Y/Y. And crypto volume fell to $28.6B from $32.5B in October and $35.2B in November 2024.

Meanwhile, events contracts totaled 3.0B in November, up 20% from a month ago, highlighting growing interest in prediction markets whereby people can trade on the outcome of future events, from sports to economic developments.

Funded customers totaled 26.9M in November, down 1% from the previous month and +8% Y/Y. The latest print includes the impact of required escheatment of about 280K low-balance accounts. Prior to the escheatment, funded customers would have advanced by ~150K in November.

Total platform assets dipped 5% sequentially and jumped 67% Y/Y to $324.5B in November. Net deposits of $7.1B compared with $5.6B in both October 2025 and November 2024.

Margin book was $16.8B vs. $16.5B in October and $6.8B in last year's November.

Total cash sweep was $32.5B last month, down 5% M/M and +23% Y/Y.