Robinhood has reported a significant increase of 75% in cryptocurrency trading volume in November compared to October, according to a filing with the Securities and Exchange Commission (SEC). The surge in trading activity marks a shift in the platform's recent performance, suggesting renewed interest in cryptocurrency trading among Robinhood users. Prior to this increase, Robinhood had experienced a decline in cryptocurrency trading and revenue. However, the recent upturn in trading volumes may indicate a reversal of this trend. Additionally, Robinhood plans to expand its services to the European Union and the UK in the near future, aiming to become the leading platform for investing in US stocks and dollars in these markets.
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