It is expected that the important action in Crypto in the last three months of 2024 appears in the results of the Robinhood commercial application (Hood).
An increase in user activity that led and then, after the choice of Donald Trump in November, analysts await a quarterly leap of 440% in the revenue of negotiation of Hood cryptocurrencies at $ 345.5 million, according to FACTSET.
Hood’s shares have shot 350% during the past year, since retail merchants have returned to the application in anticipation of a more favorable macro environment for actions and cryptography and are higher in 37% in just six weeks of 2025.
It is estimated that Robinhood’s general revenues in the fourth quarter will land at $ 934.9 million, compared to $ 660.5 three months before, according to Factset. The profits per share is expected to be $ 0.41 versus $ 0.18 in the previous quarter.
Analysts often use Robinhood’s commercial data, which the company regularly reveals, analysts to estimate the coinbase negotiation volume (coins), which has historically moved in correlation with Hood.
According to the analyst Benjamin Buddish in Barclays, the commercial application saw a very strong general growth in the cryptographic volumes reported with total volumes of approximately $ 69 billion until December 27. This would be an increase of five times to the fourth quarter and a volume of six times and six times increases year after year, the bank said.
As a result, Buddish sees the retail volume of coinbase to land north of $ 108 billion, even assuming a lower “beta” for those retail volumes, he said.
Coinbase, which announces the profits of the fourth quarter on Thursday after closing, it is estimated that it informs one of its strongest quarter in terms of negotiation volume until the date it leads to $ 1.8 billion in income, according to FACTSET estimates. Profit per share is estimated at $ 1.99 versus $ 0.41.
Coin actions will probably be affected by Robinhood’s profits in advance of a similar positive report on the exchange of cryptography on Thursday. Coin has increased 90% during the past year, it is currently traded to $ 269.88. Hood, on the other hand, rises 370% during the same period, quoting $ 54.33 at the time of publication.
