Tumbling crypto prices appear to have played a part in disappointing overall trading volume results for Robinhood (HOOD).
The brokerage app reported crypto volume of $28.6 billion in November, down 12% from October's $32.5 billion. That amount was also down 19% from year-ago levels, when crypto was surging thanks to Donald Trump's election victory.
Bitstamp, the crypto exchange Robinhood agreed to acquire earlier this year, also saw volumes fall 11%.
As for equity trading volumes, they struggled as well, dropping 37% month-over-month in November to $201.5 billion. They were, however, higher by 37% on a year-over-year basis.
Robinhood's total platform assets declined by 5% in November to $325 billion.
The November slowdown raised concerns that the burst of retail trading activity seen in recent months may be cooling. For a company heavily dependent on transaction-based revenue, slumping volumes in equities, options and crypto can weigh on earnings potential.
Shares are lower by 8% on Thursday, but remain higher by 216% on a year-to-date basis.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
