Robinhood Logs $15B October Deposits as Crypto Volume Falls

Robinhood Markets reported about $15 billion in October net deposits, including roughly $6.5 billion associated with Trump Accounts, while crypto trading volume fell 48% year over year to about $17 billion.

The Trump Accounts deposits included gifts from the Dell family. Robinhood said net deposits for 2026 reached about $70 billion, and October's monthly intake came close to the $15.7 billion recorded for the third quarter.

By Oct. 27, month-to-date deposits had topped $13 billion, including a $6 billion Dell family contribution to Trump Accounts. Robinhood's earlier update did not include October trading-volume totals, so the product-level monthly figures add information beyond that midmonth disclosure.

What does the deposit mix show?

About $6.5 billion of the October net deposits was associated with Trump Accounts, including Dell family gifts. That concentration makes the month's funding growth less representative of broad activity than the $15 billion headline suggests.

October net deposits nearly matched Robinhood's full third-quarter total. The scale is striking, but one month does not establish a quarterly run rate. Robinhood's disclosure identifies the Trump Accounts and Dell family components without giving a complete breakdown of the remaining deposits.

How did each trading category perform?

• Equity notional volume: About $325 billion, up 1% from September and 2% from October a year earlier.
• Options volume: Roughly 289 million contracts, unchanged from September and 8% higher than the year-earlier month.
• Crypto trading volume: About $17 billion, down 21% from September and 48% from a year earlier.
• Event-contract volume: About 5.9 billion contracts, up 5% from September and 136% from a year earlier.

Robinhood stated the categories in different units: equity and crypto volume are dollar amounts, while options and event-contract volume count contracts. Each percentage compares a category with its own prior-month or year-earlier level rather than putting the totals on a common scale; the 5.9 billion event contracts cannot be compared directly with $17 billion in crypto volume.

Operationally, the month was mixed. Equity trading held near prior levels, options volume was flat sequentially, crypto engagement fell on both comparisons, and event-contract participation expanded on both. Robinhood therefore paired strong net deposit intake with divergence across products, not broad-based acceleration.

What does the third-quarter context show?

Robinhood's third-quarter results provide the latest revenue and asset context. The company posted record revenue of $1.42 billion and ended the period with $396 billion in platform assets, up 19% from a year earlier. Net deposits for the quarter totaled $15.7 billion.

Event contracts produced $173 million of revenue in the quarter, compared with $120 million from crypto. That comparison shows event contracts had already contributed more revenue than crypto before October's 136% increase in contract volume and 48% decline in crypto volume.

The figures do not establish a direct conversion from October volume to revenue. The $173 million and $120 million apply to the third quarter, while Robinhood's disclosed October data contain product-level volumes but no corresponding revenue totals.

The $396 billion platform-asset figure is also a quarter-end measure; Robinhood did not provide an October platform-assets figure.

The next monthly figures will show whether deposit strength broadens beyond the $6.5 billion Trump Accounts contribution and whether event-contract participation remains strong while crypto trading works through a 48% year-over-year decline.