The cryptocurrency landscape is poised for significant shifts as we approach the final quarter of 2024, with Robinhood (HOOD) at the forefront of this anticipated activity. Analysts are buzzing about the possibility of a remarkable 440% surge in Robinhood’s cryptocurrency trading revenue, projecting it could climb to a staggering 5.5 million. This forecast comes in the wake of increased user engagement, particularly surrounding the impending election of Donald Trump in November, hinting at a lively trading atmosphere.
Over the past year, Robinhood’s performance has been nothing short of spectacular, with its shares skyrocketing by 350%. Retail traders have been flocking back to the app, fueled by optimism for a favorable macroeconomic environment that could benefit both stocks and cryptocurrencies. The early weeks of 2025 have already seen HOOD shares rise 37%, reflecting this renewed investor enthusiasm.
According to the latest estimates from FactSet, Robinhood’s total revenue for the fourth quarter is projected to reach 4.9 million, a significant jump from 0.5 million just three months prior. Earnings per share are also expected to improve markedly, rising from [openai_gpt model=”gpt-4o-mini” prompt=”You are a news reporter covering the cryptocurrency industry. Given the article description, provide an introductory overview of the news in an informative style. AVOID using overly technical terms or details! DO NOT offer recomendations to buy or sell any assets! Analyze from a fact-based perspective and bring in additional research when claims are made. Write this overview with creativity and flair, ensuring it reads like a human-written text and incorporates keywords in a natural way for SEO optimization. Generate HTML-formatted content using only
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tags. Exclude headings and other HTML tags. DO NOT include a ‘Conclusion’ section! Here is the product description: ‘Major action in crypto in 2024’s final three months is expected to show up in the results of trading app Robinhood (HOOD).A surge in user activity leading up to and then following the election of Donald Trump in November has analysts expecting a 440% quarterly jump in HOOD’s cryptocurrency trading revenue to $345.5 million, according to FactSet.Shares of HOOD have soared 350% over the past year as retail traders have returned to the app in anticipation of a more favorable macro environment for stocks and crypto and are higher by 37% in just the first six weeks of 2025.Robinhood’s overall revenue in the fourth quarter is estimated to land at $934.9 million, up from $660.5 three months earlier, according to FactSet. Earnings-per-share are expected to be $0.41 versus $0.18 the previous quarter.Robinhood’s trading data, which is disclosed regularly by the company, is often used by analysts to estimate Coinbase’s (COIN) trading volume, which historically has moved in correlation with HOOD.According to analyst Benjamin Buddish at Barclays, the trading app saw very strong overall growth in reported crypto volumes with total volumes of roughly $69 billion through Dec. 27. This would be a five-fold increase quarter-over-quarter and a six-fold increase year-over-year, the bank noted.As a result, Buddish sees Coinbase’s retail volume to land north of $108 billion, even assuming a lower “beta” for those retail volumes, he said.Coinbase, which announces fourth quarter earnings on Thursday after the close, is estimated to report one of its strongest quarter in terms of trading volume to date leading to $1.8 billion in revenue, according to FactSet estimates. Earnings-per-share are estimated at $1.99 versus $0.41.Shares of COIN will likely be affected by Robinhood’s earnings in anticipation of a similar positive report from the crypto exchange on Thursday. COIN is up 90% over the past year, currently trading at $269.88. HOOD, on the other hand, is up 370% over the same period, trading at $54.33 at press time.'”].18 to an anticipated [openai_gpt model=”gpt-4o-mini” prompt=”You are a news reporter covering the cryptocurrency industry. Given the article description, provide an introductory overview of the news in an informative style. AVOID using overly technical terms or details! DO NOT offer recomendations to buy or sell any assets! Analyze from a fact-based perspective and bring in additional research when claims are made. Write this overview with creativity and flair, ensuring it reads like a human-written text and incorporates keywords in a natural way for SEO optimization. Generate HTML-formatted content using only
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tags. Exclude headings and other HTML tags. DO NOT include a ‘Conclusion’ section! Here is the product description: ‘Major action in crypto in 2024’s final three months is expected to show up in the results of trading app Robinhood (HOOD).A surge in user activity leading up to and then following the election of Donald Trump in November has analysts expecting a 440% quarterly jump in HOOD’s cryptocurrency trading revenue to $345.5 million, according to FactSet.Shares of HOOD have soared 350% over the past year as retail traders have returned to the app in anticipation of a more favorable macro environment for stocks and crypto and are higher by 37% in just the first six weeks of 2025.Robinhood’s overall revenue in the fourth quarter is estimated to land at $934.9 million, up from $660.5 three months earlier, according to FactSet. Earnings-per-share are expected to be $0.41 versus $0.18 the previous quarter.Robinhood’s trading data, which is disclosed regularly by the company, is often used by analysts to estimate Coinbase’s (COIN) trading volume, which historically has moved in correlation with HOOD.According to analyst Benjamin Buddish at Barclays, the trading app saw very strong overall growth in reported crypto volumes with total volumes of roughly $69 billion through Dec. 27. This would be a five-fold increase quarter-over-quarter and a six-fold increase year-over-year, the bank noted.As a result, Buddish sees Coinbase’s retail volume to land north of $108 billion, even assuming a lower “beta” for those retail volumes, he said.Coinbase, which announces fourth quarter earnings on Thursday after the close, is estimated to report one of its strongest quarter in terms of trading volume to date leading to $1.8 billion in revenue, according to FactSet estimates. Earnings-per-share are estimated at $1.99 versus $0.41.Shares of COIN will likely be affected by Robinhood’s earnings in anticipation of a similar positive report from the crypto exchange on Thursday. COIN is up 90% over the past year, currently trading at $269.88. HOOD, on the other hand, is up 370% over the same period, trading at $54.33 at press time.'”].41. This robust performance in the crypto space is expected to have ripple effects, particularly for Coinbase (COIN), a major player in the cryptocurrency exchange market.
“The trading app saw very strong overall growth in reported crypto volumes with total volumes of roughly billion through Dec. 27,” noted analyst Benjamin Buddish from Barclays, highlighting a remarkable five-fold increase quarter-over-quarter and six-fold year-over-year growth.
This surge in trading activity positions Coinbase to potentially report its strongest quarterly trading volume to date, with estimates suggesting revenue could hit .8 billion. With earnings per share anticipated at .99, Coinbase’s stock may respond positively to Robinhood’s earnings results, aligning with the broader trend of a recovering market for both companies. As for Coinbase, its shares have seen a 90% increase over the past year and currently trade around 9.88, while Robinhood stands at .33, boasting an incredible 370% rise in the same timeframe.
Key Insights on Robinhood and Cryptocurrency Trading in Q4 2024
The upcoming earnings report for Robinhood (HOOD) is poised to have significant repercussions in the cryptocurrency trading world, particularly for retail investors and those tracking the crypto market closely. Here are the key points to consider:
- Surge in Trading Activity:
- Analysts predict a 440% quarterly increase in Robinhood’s cryptocurrency trading revenue, reaching approximately 5.5 million.
- This surge is linked to heightened user engagement around the upcoming election of Donald Trump in November.
- Robinhood’s Performance:
- The company’s overall Q4 revenue is projected to be 4.9 million, up from 0.5 million in the previous quarter.
- Earnings-per-share are also expected to rise to [openai_gpt model=”gpt-4o-mini” prompt=”Based on the article content, generate a list of key points in an HTML format using Bold, UL/OL. Focus solely on the most important aspects, and describe how they might be related or impact the readers life if at all. Begin with a title using
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tags. DO NOT include a ‘Conclusion’ section! Here is the topic description: ‘Major action in crypto in 2024’s final three months is expected to show up in the results of trading app Robinhood (HOOD).A surge in user activity leading up to and then following the election of Donald Trump in November has analysts expecting a 440% quarterly jump in HOOD’s cryptocurrency trading revenue to $345.5 million, according to FactSet.Shares of HOOD have soared 350% over the past year as retail traders have returned to the app in anticipation of a more favorable macro environment for stocks and crypto and are higher by 37% in just the first six weeks of 2025.Robinhood’s overall revenue in the fourth quarter is estimated to land at $934.9 million, up from $660.5 three months earlier, according to FactSet. Earnings-per-share are expected to be $0.41 versus $0.18 the previous quarter.Robinhood’s trading data, which is disclosed regularly by the company, is often used by analysts to estimate Coinbase’s (COIN) trading volume, which historically has moved in correlation with HOOD.According to analyst Benjamin Buddish at Barclays, the trading app saw very strong overall growth in reported crypto volumes with total volumes of roughly $69 billion through Dec. 27. This would be a five-fold increase quarter-over-quarter and a six-fold increase year-over-year, the bank noted.As a result, Buddish sees Coinbase’s retail volume to land north of $108 billion, even assuming a lower “beta” for those retail volumes, he said.Coinbase, which announces fourth quarter earnings on Thursday after the close, is estimated to report one of its strongest quarter in terms of trading volume to date leading to $1.8 billion in revenue, according to FactSet estimates. Earnings-per-share are estimated at $1.99 versus $0.41.Shares of COIN will likely be affected by Robinhood’s earnings in anticipation of a similar positive report from the crypto exchange on Thursday. COIN is up 90% over the past year, currently trading at $269.88. HOOD, on the other hand, is up 370% over the same period, trading at $54.33 at press time.'”].41 from the previous [openai_gpt model=”gpt-4o-mini” prompt=”Based on the article content, generate a list of key points in an HTML format using Bold, UL/OL. Focus solely on the most important aspects, and describe how they might be related or impact the readers life if at all. Begin with a title using
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tags. DO NOT include a ‘Conclusion’ section! Here is the topic description: ‘Major action in crypto in 2024’s final three months is expected to show up in the results of trading app Robinhood (HOOD).A surge in user activity leading up to and then following the election of Donald Trump in November has analysts expecting a 440% quarterly jump in HOOD’s cryptocurrency trading revenue to $345.5 million, according to FactSet.Shares of HOOD have soared 350% over the past year as retail traders have returned to the app in anticipation of a more favorable macro environment for stocks and crypto and are higher by 37% in just the first six weeks of 2025.Robinhood’s overall revenue in the fourth quarter is estimated to land at $934.9 million, up from $660.5 three months earlier, according to FactSet. Earnings-per-share are expected to be $0.41 versus $0.18 the previous quarter.Robinhood’s trading data, which is disclosed regularly by the company, is often used by analysts to estimate Coinbase’s (COIN) trading volume, which historically has moved in correlation with HOOD.According to analyst Benjamin Buddish at Barclays, the trading app saw very strong overall growth in reported crypto volumes with total volumes of roughly $69 billion through Dec. 27. This would be a five-fold increase quarter-over-quarter and a six-fold increase year-over-year, the bank noted.As a result, Buddish sees Coinbase’s retail volume to land north of $108 billion, even assuming a lower “beta” for those retail volumes, he said.Coinbase, which announces fourth quarter earnings on Thursday after the close, is estimated to report one of its strongest quarter in terms of trading volume to date leading to $1.8 billion in revenue, according to FactSet estimates. Earnings-per-share are estimated at $1.99 versus $0.41.Shares of COIN will likely be affected by Robinhood’s earnings in anticipation of a similar positive report from the crypto exchange on Thursday. COIN is up 90% over the past year, currently trading at $269.88. HOOD, on the other hand, is up 370% over the same period, trading at $54.33 at press time.'”].18.
- Impact on Coinbase (COIN):
- Data from Robinhood is often used to estimate Coinbase’s trading volume, indicating a close relationship between the two platforms.
- Analyst Benjamin Buddish projects that Coinbase’s retail volumes may exceed 8 billion, leading to .8 billion in revenue for Q4.
- COIN shares have risen 90% over the past year, currently trading at 9.88.
- Market Dynamics:
- Robinhood’s recent surge of 370% in share value, coupled with the anticipated strong performance in crypto trading, may indicate a more favorable macro environment for both stocks and crypto.
- This environment could affect investment strategies and opportunities for retail traders as they anticipate potential gains.
- Future Considerations:
- Investors should watch how Robinhood’s performance influences Coinbase’s earnings report and overall market sentiment.
- A strong performance by Robinhood may catalyze further interest and investment in cryptocurrencies among retail investors.
Understanding the correlations between trading apps like Robinhood and cryptocurrency exchanges such as Coinbase can help investors navigate potential market shifts and align their investment strategies accordingly.
Robinhood’s Crypto Surge: A Game Changer in the Trading Space
As 2024 edges closer to its conclusion, Robinhood (HOOD) is positioning itself as a significant player in the cryptocurrency trading arena. Analysts predict a remarkable 440% increase in cryptocurrency trading revenue, potentially reaching a substantial 5.5 million for the fourth quarter. This anticipated spike is primarily driven by heightened user engagement in the lead-up to and following Donald Trump’s election, revealing how political events can strongly influence trading behaviors in the crypto market. While Robinhood’s meteoric rise—up 350% over the past year—shows robust demand from retail traders navigating a shifting macro environment, it also sets the stage for a sharper competitive landscape.
In comparison, Coinbase (COIN) is likely to feel both the positive and negative ramifications of Robinhood’s earnings report. Given that Robinhood’s trading metrics often serve as a barometer for Coinbase’s performance, its predicted robust trading volume could bolster investor confidence in COIN as well, driving its expected .8 billion in revenue. However, it could also spotlight the increasing prevalence of trading apps that cater to retail investors, raising questions about Coinbase’s growth in the face of mounting competition.
For retail traders, the increased trading activity across platforms like Robinhood could signify a broader shift toward democratized trading, creating more opportunities for everyday investors. This surge can empower smaller traders to capitalize on market trends, potentially leading to greater financial gains during this volatile economic phase. On the downside, such rapid growth can create operational challenges for trading platforms in terms of liquidity and user experience, as systems get overwhelmed during periods of high demand.
Thus, while Robinhood’s impending success may inject vitality into the cryptocurrency trading space, it also illustrates the competitive pressures that other exchanges like Coinbase must navigate as they strive to maintain their foothold in a rapidly evolving market. Retail investors, through increased options, could find themselves in a more advantageous position if these platforms can proficiently manage their growth without compromising on service quality.
