Robinhood Markets 
HOOD shares fell 3.87% to $78.20 as of 10:05 a.m. ET in Friday's regular session on November 13, after October operating data showed crypto trading shrinking as Bitcoin slid below $70,000.
Crypto notional volume fell 21% from September and 48% from a year earlier to $17.0 billion. Robinhood app crypto volume dropped 51% year over year to $6.8 billion. Other lines grew. Event contracts rose 136% year over year to 5.9 billion, net deposits hit $15.1 billion, a 46% annualized growth rate, and margin balances climbed 39% to $22.9 billion. Funded customers rose 7% to 28.9 million, while total platform assets slipped 3% from September to $383.2 billion. Bitcoin fell about 3% to $69,342 on Friday morning, its first break below $70,000 since August.
The mix is shifting fast. Prediction markets and margin lending are filling the crypto gap, but each carries its own regulatory and credit risk. The GuruFocus chart shows a GF Score of 82/100, driven by strong momentum and an attractive valuation reading, with profitability and balance-sheet scores that are only average. GF Value is $87.17, putting the shares 10.3% below GuruFocus's estimate with a "Modestly Undervalued" label. The discount is modest and depends on trading volumes holding up. The next test is November crypto volume and whether event contracts keep growing.
