Crypto-friendly trading platform Robinhood has reported a 75% month-on-month increase in digital asset trading volume in November.
In an 8-K filing to the Securities and Exchange Commission on Dec. 4, Robinhood noted that “November Crypto Notional Trading Volumes were roughly 75% above October 2023 levels.”
The activity however equity trading volumes and options contracts traded were roughly flat in the same month compared to October.
The bumper month marks a reversal for Robinhood, which revealed a 55% decrease in cryptocurrency notional volumes over the year in its Q3 results filing.
As a result, its Q3 revenue came in below analyst estimates for the quarter at $467 million….
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