March 17, 2025
11 11 11 AM
Latest Post
Bitcoin, S&P 500 Take Backseat to Stagflation Trade as Trump Tariffs Threaten to Derail Growth Ether in Structural Decline, Year-End Price Target Slashed to $4K: Standard Chartered CoinDesk 20 Performance Update: Solana (SOL) Falls 3.9%, Leading Index Lower Digital Asset Investment Outflow Extends Into Fifth Week ECB’s Villeroy Says U.S. Crypto Support Could Trigger Next Financial Emergency Strategy Leverages STRK ATM to Acquire 130 More Bitcoin After Four Straight Monday Declines, What’s on the Cards for Bitcoin? Crypto Daybook Americas: Recession Concerns Stifle BTC Recovery Prospects, Memecoins Buzz Bitcoin Faces Massive ‘Supply Gap’ Between $70K and $80K South Korea Cuts Out Bitcoin Strategic Reserve Considerations: Report

Robinhood’s Big Earnings Beat Could Bode Well for Coinbase

Popular trading platform Robinhood (HOOD) beat its fourth-quarter earnings and revenue estimates, which could have positive read-through for peer Coinbase (COIN).

Robinhood said its fourth-quarter revenue rose 115% from the previous year to $1.01 billion, beating Wall Street analysts’ estimate of $945.8 million, according to FactSet data. Its transaction-based revenue rose 200% from the previous year, mainly due to a 700% rise in cryptocurrency revenue, the firm said in a statement.

This could bode well for crypto exchange Coinbase, which reports its earnings on Thursday after the market close. Both platforms share a similar client base and get most of its revenue from trading fees. Wall Street analysts expect COIN to post one of its best quarters in terms of trading volume since Q4 of 2021 as a result of the election of crypto-friendly President Donald Trump which sent crypto prices to new all-time highs in November.

Estimates on FactSet predict Coinbase will report revenue of $1.8 billion, up from $1.26 billion in the third quarter and exchange volume of $195.9 billion, up from $185.3 billion.

Robinhood also reported earnings per share of $1.01, topping the average estimate of $0.42. Shares of the trading app were up more than 5% in post-market trading on Wednesday, while COIN’s stock was up about 0.3%.

UPDATE (Feb. 12, 2025, 21:30 UTC): Adds additional information about COIN earnings.

CORRECT (Feb. 13, 14:02 UTC): Corrects year to 2021 in third paragraph.

This post was originally published on this site