A major crypto action in the last three months of 2024 should appear in the results of the Robinhood (Hood) negotiation application.
An increase in user activity leading to and after the election of Donald Trump in November has analysts expects a quarterly jump of 440% in negotiation revenues of the hood cryptocurrency at 345.5 million Dollars, according to Factst.
Hood’s shares have climbed 350% in the past year, while retail merchants have returned to the application in anticipation of a more favorable macro environment for shares and crypto and are higher 37% Course of the first six weeks of 2025.
Robinhood’s overall turnover in the fourth quarter is estimated at $ 934.9 million, compared to $ 660.5 three months earlier, according to FactstSet. Part profit should be $ 0.41 against $ 0.18 per quarter.
Robinhood’s commercial data, which is regularly disclosed by the company, is often used by analysts to estimate the commercial volume of Coinbase (corner), which has historically evolved into correlation with the hood.
According to analyst Benjamin Buddish in Barclays, the trading application has experienced a strong global growth of very strong growth in crypto volumes with a total volume of around 69 billion dollars until December 27. Increase from one year to another, noted the bank.
Consequently, Buddish sees the retail volume of Coinbase to land north of $ 108 billion, even by assuming a lower “beta version” for these retail volumes, he said.
Coinbase, which announces the profits of the fourth quarter Thursday after the closure, should declare one of its strongest quarters in terms of negotiation volume to date, which has led to $ 1.8 billion in income, according to FactSet estimate. Part profit is estimated at $ 1.99 against $ 0.41.
Coin actions will probably be affected by Robinhood’s profits in anticipation of a similar positive report from the Crypto Exchange on Thursday. Coin has increased 90% in the past year, currently negotiating at $ 2,69.88. Hood, on the other hand, is up 370% over the same period, trading at $ 54.33 at the time of the press.
