Robinhood’s Q4 earnings report could provide key insights into the crypto market’s performance, with crypto-related profits expected to surge by 440%. The U.S. presidential election sparked renewed retail interest, leading to a massive rise in trading volumes. This spike could indicate a strong quarter for Coinbase, the largest U.S. crypto exchange.
Given the strong correlation between Robinhood and Coinbase's crypto volumes, Robinhood's robust Q4 results could point to an equally bullish quarter for Coinbase. Analysts predict Coinbase’s Q4 revenue to hit $1.8 billion, with earnings-per-share (EPS) likely to jump to $1.99.
The optimism around Robinhood’s crypto earnings has already boosted its stock price by 370%. Coinbase has also benefitted, with its stock up 90% over the past year. Strong Q4 results from Robinhood could push Coinbase’s stock even higher, while a miss could raise concerns about the retail trading environment.
Retail trading activity surged in Q4, driven by factors like the U.S. election and favorable macroeconomic conditions. With strong performance from both Robinhood and Coinbase, the key question remains: will retail traders continue to fuel the crypto market in 2025? All eyes are now on Coinbase’s earnings report, which will likely reflect the same trends.