Greater action in Crypto in the last three months of the 2024 is expected to emerge in the results of the trade app Robinhood (Hood).
An increase in user activity that leads up to and then after the election of Donald Trump in November has analysts expecting a 440% quarterly leap in Hood’s Cryptocurrency income for $ 345.5 million, according to the fact.
Shares of Hood have risen 350% in the past year, as retailers have returned to the app in anticipation of a more favorable macro environment for stocks and crypto and is higher by 37% in just the first six weeks of 2025.
Robinhood’s total revenue in the fourth quarter is estimated to land at $ 934.9 million, up from $ 660.5 three months earlier, according to the fact. Earnings per Stock is expected to be $ 0.41 against $ 0.18 the previous quarter.
Robinhood’s trading data, regularly revealed by the company, is often used by analysts to estimate coinbases (coin) trading volume, which has historically moved in the context of Hood.
According to analyst Benjamin Buddish at Barclays, the Trade app very strong overall growth in reported crypto columns with total quantities of approx. $ 69 billion through December 27. This would be a five times increase in quarter over the quarter and a six times increase in the previous year, the bank noted.
As a result, Buddish Coinbases see the retail volume to land north of $ 108 billion, even assuming a lower “beta” for these retail volumes, he said.
Coinbase, which announces earnings in the fourth quarter of Thursday after completion, is estimated to report one of its strongest quarter with regard to trading volume to date leading to $ 1.8 billion in revenue, according to Factset stimates. Earnings per Share is estimated at $ 1.99 against $ 0.41.
Shares of Coin are likely to be affected by Robinhood’s earnings in the expectation of a similar positive report from Crypto Exchange on Thursday. Coin has increased by 90% in the past year and is currently shopping to $ 269.88. On the other hand, Hood has risen by 370% in the same period and deals with $ 54.33 at the press time.
