Robinhood crypto volume falls 21% as event contracts hit 5.9B

Robinhood's October operating update showed crypto trading volume fell 21% month-over-month to $17 billion, signaling cooling retail crypto activity. Meanwhile, event contracts traded hit 5.9 billion, up 136% year-over-year, suggesting users are shifting attention toward prediction-style products. Traders should watch whether weaker retail crypto volumes pressure exchange and brokerage revenue, and whether event contracts keep absorbing engagement.