Robinhood’s stock tumbled after November trading volumes showed a notable pullback, with crypto weakness emerging as a key drag. The brokerage reported crypto trading volume of $28.6 billion in November — down 12% from October’s $32.5 billion and 19% below year-ago levels, when crypto was surging following Donald Trump’s election victory. Bitstamp, the European exchange Robinhood agreed to acquire earlier this year, saw volumes slip about 11% over the same period. Equities activity also cooled sharply: equity trading volume fell 37% month-over-month to $201.5 billion in November, though it remained 37% higher than the same month a year earlier. Overall platform assets declined 5% to $325 billion. The slowdown raises fresh questions about whether the recent retail trading boom is starting to fade. For Robinhood — which relies heavily on transaction-based revenue from equities, options and crypto — a sustained drop in volumes could dent near-term earnings. Investors punished the stock on the news: shares slid about 8% on Thursday, even as the name remains up roughly 216% year-to-date. Market watchers will be watching December volume trends, crypto price action and how the Bitstamp deal integrates as indicators of whether trading activity rebounds. Read more AI-generated news on: undefined/news