Robinhood reports about $15 billion in October net deposits as crypto volumes slide

Robinhood reported roughly $15 billion in net deposits for October even as crypto trading volumes declined, underscoring deposit growth that is increasingly decoupled from digital-asset activity. The brokerage’s pivot toward event contracts signals an effort to diversify revenue away from crypto, where volumes have softened. The $15 billion figure matters because it shows customer inflows holding up despite weaker token trading, a key swing factor for transaction-based revenue. Investors will watch whether event contracts can offset crypto’s slowdown and whether deposit momentum persists into November.