Robinhood Reports $15 Billion in October Net Deposits as Crypto Volume Halves

Robinhood Markets pulled in roughly $15 billion in net deposits during October 2026, according to monthly operating data the company published on approximately November 11. The same report showed crypto trading volume falling 48% from a year earlier, a split that says a lot about where the brokerage's business is heading.

About $6.5 billion of the October total came from Trump Accounts, a figure that includes gifts made by the Dell family. Year-to-date net deposits for 2026 now stand at approximately $70 billion.

What did the October numbers show?

Trading activity split into four distinct stories across Robinhood's product lines:

• Equities: Notional volume reached about $325 billion, up 1% from September and up 2% year over year.
• Options: Roughly 289 million contracts changed hands — flat month over month, up 8% year over year.
• Crypto: Volume dropped to around $17 billion, down 21% from the prior month and down 48% from October 2025.
• Event contracts: Volume rose to about 5.9 billion contracts, up 5% month over month and up 136% year over year.

The numbers follow Robinhood's third-quarter 2026 earnings report, which brought record revenue of $1.42 billion. Total platform assets reached $396 billion at the end of that quarter, up 19% from a year earlier, with quarterly net deposits peaking at $15.7 billion.

Company officials said during the earnings cycle that October deposits had already exceeded $13 billion as of late October. The final tally of around $15 billion beat that early read.

Why does the crypto slide matter?

The 48% year-over-year drop is the key number for crypto watchers. Robinhood is one of the largest retail on-ramps in the US, so its trading activity offers a rough read on how much everyday traders are engaging with digital assets. When its crypto volume halves, that signals broad retail cooling, not just one platform's problem.

The 21% month-over-month decline matters too. It shows the weakness wasn't only a comparison against an unusually strong October last year — the slump carried into consecutive months.

Meanwhile, event contracts are pulling in real money. The category generated $173 million in the third quarter, topping crypto's $120 million over the same period. With volume up 136% year over year, prediction markets have become a genuine business line for Robinhood rather than an experimental add-on.

What should investors watch next?

For HOOD shareholders, the deposit figure is the clearest positive. The year-to-date total of roughly $70 billion suggests the underlying engine is working, even if a large slice of October's inflow came from a single concentrated source in Trump Accounts and the Dell family gifts.

Equities and options remain the stable middle. Small gains in stock volume and flat options activity month over month show the core brokerage holding up while the edges of the business shift toward event contracts and away from crypto.

The open question for coming months is whether the crypto decline stabilizes or keeps dragging, and whether event-contract growth can keep outpacing it.