Robinhood Adds 130K Funded Customers in October, but Bitcoin Drags HOOD Lower

Robinhood Markets posted a solid October on Thursday — then watched Bitcoin knock the stock around after hours. HOOD slid more than 2% in overnight trading as Bitcoin fell to $68,399.67, its lowest level since August, according to Yahoo Finance. The crypto weakness outweighed a monthly metrics release that showed growth almost everywhere except digital-asset trading.

The brokerage ended October with 28.9 million funded customers, up about 130,000 from September and roughly 1.8 million year-over-year. Total platform assets dipped 3% from September to $383 billion, but still sat 12% higher than a year earlier. Net deposits hit $15.1 billion — a 46% annualized growth rate measured against September.

Trading activity was a mixed bag. Equity notional volumes reached $325 billion, up 2% year-over-year, with average daily volumes of $14.8 billion. Options contracts traded climbed 8% year-over-year to 289 million, while event contracts exploded 136% year-over-year to 5.9 billion. Crypto, though, went the other way: notional volumes came in at $17 billion, down 48% year-over-year, split between $6.8 billion on the Robinhood app and $10.2 billion on Bitstamp.

Retail traders on Stocktwits leaned bearish on HOOD, but plenty of them weren't buying the gloom. One user flagged margin balances up 39% to roughly $23 billion alongside the $15.1 billion in net deposits: “Customers are still putting money in imo. Bullish.” Another called the $23 billion in margin balances “a new income signal.” One dissenter pointed straight at crypto: “bitcoin has fallen below 70,000.... it's at 69,000. dragging robinhood down.”

The overnight dip adds to a rough stretch — HOOD is down 28% in 2026, even as the company keeps pulling in new customers and deposits.