Robinhood’s November Crypto Trading Volume Falls 12% WoW to $28.6B, App Segment Down 66% YoY to $12B

COINOTAG News reports that Robinhood Markets disclosed its November operational metrics, showing a total crypto nominal trading volume of $28.6 billion, a 12% WoW decline and a 19% YoY drop.

Dissecting the channels, the mobile app generated about $12 billion, reflecting a 66% YoY decrease, while Bitstamp contributed $16.6 billion, down 11% WoW.

Meanwhile, cryptocurrency DARTs remained flat versus October but were roughly half the level seen YoY, signaling softer demand in a cautious trading climate.