Popular crypto stock plunges on November trading volume drop

Core Insights - Robinhood Markets reported a significant decline in trading volume across various assets in November, indicating potential challenges for the company [1][5]. Trading Volume Metrics - Crypto trading volume on Robinhood decreased to $28.6 billion in November, reflecting a 12% month-over-month decline [2]. - Equity trading volume fell sharply by 37% month-over-month to $202 billion in November [2]. - Total platform assets on Robinhood also saw a reduction, slipping 5% month-over-month to $325 billion [2]. Market Context - The decline in crypto trading volume is attributed to a substantial market crash triggered by President Donald Trump's remarks on tariffs, which occurred on October 10 [3]. - The overall cryptocurrency market capitalization dropped from $4.28 trillion in early October to $3.11 trillion [3]. - Bitcoin's price fell from a record high of over $126,000 in early October to $91,163.20 at the time of reporting, indicating a broader downturn in the crypto market [4]. Company Performance and Investor Sentiment - Robinhood, which went public in 2021 and joined the S&P 500 index in 2025, relies heavily on transaction-based revenue, making the recent trading volume slump concerning for its financial outlook [5]. - Following the release of disappointing trading volume metrics for November, Robinhood's stock price fell by more than 9%, trading at $123 [6].