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Robinhood October Crypto Trading Volume Falls 48% to $17B

Robinhood reported $17 billion in total crypto notional trading volume for October, down 48% year over year and 21% from September. The Robinhood App accounted for $6.8 billion, down 51% year over year, while its Bitstamp platform recorded $10.2 billion, down 45%. The decline in crypto trading activity is putting pressure on the company’s related revenue.

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