Robinhood’s Big Earnings Beat Could Bode Well for Coinbase
Popular trading platform Robinhood (HOOD) beat its fourth-quarter earnings and revenue estimates, which could have positive read-through for peer Coinbase (COIN). Robinhood said its fourth-quarter revenue rose 115% from the previous year to $1.01 billion, beating Wall Street analysts’ estimate of $945.8 million, according to FactSet data. Its transaction-based revenue rose 200% from the previous … Read more