Robinhood says crypto trading spiked 75% in November from previous month

In an earlier regulatory filing, financial services platform Robinhood Markets (HOOD) gave an investor update. The company said, in part: Ahead of management meetings with the investment community, Robinhood Markets provided early insight into certain November 2023 operating data and posted an investor presentation. In November 2023, customers contributed roughly $1.4B of Net Deposits to Robinhood. Additionally, November Equity Notional Trading Volumes and Options Contracts Traded were roughly in line with October 2023 levels, and November Crypto Notional Trading Volumes were roughly 75% above October 2023 levels. The Company plans to release its full November 2023 Operating Data in the coming weeks. Publicly traded companies in the crypto space include Bit Digital (BTBT), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Marathon Digital (MARA), MicroStrategy (MSTR), Riot Blockchain (RIOT) Grayscale Bitcoin Trust (GBTC), $BTC, and $ETH