Why Is Robinhood Stock Down Today? October Crypto Volume Fell 48%

Robinhood shares were down 4.8% at $77.46 shortly before 16:30 UTC on Nov. 13, after the brokerage’s October operating data showed crypto notional volume falling 21% in the month and 48% from a year earlier to $17.0 billion, and as bitcoin itself slid 4.5% to $68,600. Those are two separate problems sharing one headline, and separating them is what the price is actually doing. One is a company-specific volume trend that is a year old and was already visible in the third-quarter report. The other is a market-wide repricing of every listed business that collects a fee from crypto trading.