Robinhood assets exceed $325 billion, but crypto trading volume declines for two consecutive months

【PiTu】Nasdaq’s stock and crypto hybrid platform Robinhood just released its November earnings report — total platform assets rose to $325 billion. Although this is a 5% decrease from the previous month, over the full year, it surged by 67%.

However, there’s an interesting point in the crypto segment: November’s nominal trading volume was $28.6 billion, down 12% from October, and 19% lower compared to the same period last year. Breaking it down, $12 billion came from their own app, while $16.6 billion was from the acquired Bitstamp platform.

Trading volume is declining, but asset size is still increasing. Behind these numbers, either existing users are holding onto their coins without trading, or new funds are waiting on the sidelines. Market sentiment is indeed changing.