Robinhood Markets reported continued customer and asset growth in October 2026, supported by substantial net deposits and rising activity in event contracts. However, the latest operating dashboard also revealed a sharp contraction in cryptocurrency trading, illustrating how different business lines are responding unevenly to changing market conditions and investor participation.

Customer Growth and Deposits Strengthen the Platform

Robinhood ended October with 28.9 million funded customers, adding approximately 130,000 during the month and 1.8 million compared with October 2025. The increase reflects continued expansion of the platform’s customer base, providing a broader foundation for its brokerage, cryptocurrency and other financial services.

Total platform assets reached $383 billion, representing 12% year-over-year growth. However, assets declined 3% from September’s $396 billion. The monthly decrease occurred despite strong customer deposits, demonstrating that platform asset values are influenced not only by new money entering customer accounts but also by market movements affecting the value of securities and other holdings.

Net deposits were particularly strong, reaching $15.1 billion in October. This represented an annualized growth rate of 46%, while deposits over the preceding twelve months totaled $80.5 billion, equivalent to 23% growth. The figures suggest that customers continued transferring capital onto the platform even as total assets experienced a monthly decline.

Event Contracts Become a Significant Growth Engine

Trading activity presented a mixed picture across Robinhood’s product categories. Equity notional volumes reached $325 billion, increasing 2% year over year, while options contracts traded totaled 289 million, up 8%. These figures indicate relatively modest growth in traditional trading activity compared with the expansion recorded in other parts of the platform.

The most pronounced increase came from event contracts, which reached 5.9 billion in October, rising 136% year over year and 5% from September. Average daily event-contract volume reached approximately 190 million. The growth suggests that event-based trading is becoming a more prominent component of Robinhood’s product offering and customer activity.

For the company, this diversification matters because it expands the range of activities through which customers engage with the platform. Nevertheless, trading volume should not be interpreted as equivalent to revenue or profitability. The financial contribution of event contracts will depend on monetization, operating costs, customer retention and the regulatory environment governing these products.

Crypto Activity Weakens Despite Broader Platform Expansion

Cryptocurrency trading was the clearest area of weakness. October crypto notional volumes totaled $17 billion, falling 21% month over month and 48% year over year. The total included $6.8 billion in activity through the Robinhood app and $10.2 billion through Bitstamp.

The contraction contrasts with the growth in funded customers, deposits and event contracts. It indicates that the platform’s overall expansion is not currently dependent on rising cryptocurrency turnover alone. However, the decline remains relevant because crypto trading activity can influence transaction-based revenue and customer engagement, particularly during periods of elevated digital-asset market participation.

Robinhood also reported $70.1 billion in select interest-earning assets, down 6% month over month but up 7% year over year. The company attributed a $4 billion monthly decline in cash and deposits mainly to strong net buying, adding that the reduction had largely reversed in early November.

Looking ahead, investors will be monitoring whether strong deposits and customer acquisition translate into sustained growth in platform assets and recurring revenue opportunities. The trajectory of event contracts, cryptocurrency activity and traditional brokerage volumes will help determine the balance of Robinhood’s business mix. October’s figures show a platform continuing to expand, but with increasingly differentiated performance across its major trading and financial-service categories. The company notes that the monthly metrics are unaudited and that certain asset and deposit figures include Trump Account assets and contributions beginning in July 2026.

Category:

• Financial Performance
• Market News & Breaking Updates

Source: Robinhood Markets, Inc. – October 2026 Monthly Metrics Dashboard.