According to Needham, the fourth quarter explosion in Robinhood's crypto revenue could indicate that Coinbase's strong results are being maintained. Stock and crypto brokerage Robinhood recorded record profits in the fourth quarter thanks to a surge in trading activities during post-election rally. Among transaction-based revenues, the company posted a 700% increase in revenue from crypto transactions over the previous year, with crypto volume rising by more than 400%. Robinhood shares rose 12% on Thursday after the report, but Coinbase won 6% in sympathy. “We are hoping for a strong Q4 from the coin after Hood is posted better than expected,” Needham analyst John Todaro said in a memo on Thursday. “Hood's crypto revenues have risen… amid a surge in retail activity in November and December… amid a surge in retail activity. [management] Todaro expressed his high level of confidence in 2025, which stated that “AI and Crypto” was the main focus. Todaro said it will focus on Coinbase's retail transaction fees and its activities in 2025, as well as on the adoption of stubcoin and legislation of crypto. The Timeline expects a Punk Quarter from Coinbase. As of the third quarter of 2024, the company is making an effort to diversify its revenue streams away from transactions through services such as staking, stubcoin and custody revenue. However, Todaro can expand into the second quarter as the altcoin crash driven by January's meme coin mania can extend to February's volume. The fourth first quarter is all indications, and Coinbase could see the weakness of February. Robinhood CEO Vlad Tenev told CNBC on Thursday that Crypto had pulled headlines from financial results but was a “balanced” and a “diversified quarter.” He said that nine different business lines generate annual revenues of over $100 million, and demand for trading options, stocks and futures drives net deposits of over $500 billion a year, plus demand. I emphasized it.
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