Main action in crypto in 2024’s final three months is anticipated to divulge up within the effects of procuring and selling app Robinhood (HOOD).
A surge in user job main up to and then following the election of Donald Trump in November has analysts hopeful for a 440% quarterly soar in HOOD’s cryptocurrency procuring and selling revenue to $345.5 million, basically basically based on FactSet.
Shares of HOOD bear soared 350% one day of the final three hundred and sixty five days as retail traders bear returned to the app in anticipation of a extra favorable macro atmosphere for stocks and crypto and are higher by 37% in exactly the most valuable six weeks of 2025.
Robinhood’s total revenue within the fourth quarter is estimated to land at $934.9 million, up from $660.5 three months earlier, basically basically based on FactSet. Earnings-per-piece are anticipated to be $0.41 versus $0.18 the outdated quarter.
Robinhood’s procuring and selling data, which is disclosed regularly by the firm, is often utilized by analysts to estimate Coinbase’s (COIN) procuring and selling volume, which traditionally has moved in correlation with HOOD.
Fixed with analyst Benjamin Buddish at Barclays, the procuring and selling app observed very solid total growth in reported crypto volumes with complete volumes of roughly $69 billion thru Dec. 27. This may perhaps perhaps well be a five-fold amplify quarter-over-quarter and a six-fold amplify three hundred and sixty five days-over-three hundred and sixty five days, the bank famend.
For that reason, Buddish sees Coinbase’s retail volume to land north of $108 billion, even assuming a lower “beta” for these retail volumes, he talked about.
Coinbase, which publicizes fourth quarter earnings on Thursday after the discontinuance, is estimated to chronicle one of its strongest quarter by manner of procuring and selling volume up to now main to $1.8 billion in revenue, basically basically based on FactSet estimates. Earnings-per-piece are estimated at $1.ninety 9 versus $0.41.
Shares of COIN will likely be plagued by Robinhood’s earnings in anticipation of a same sure chronicle from the crypto change on Thursday. COIN is up 90% one day of the final three hundred and sixty five days, for the time being procuring and selling at $269.88. HOOD, on the thoroughly different hand, is up 370% over the identical length, procuring and selling at $54.33 at press time.
