By the end of 2024, Bitcoin had proven to be one of the best performing assets of the year. This was driven by the launch of new exchange-traded funds, which fueled widespread adoption and greater optimism.
Now, the question is whether this momentum will continue to spill over to Cryptocurrency trading platforms like Coinbase and Robinhood.
Coinbase and Robinhood Ride the Bitcoin Wave
Bitcoin has more than doubled in value since the beginning of 2024, when it was trading around $40,000, and is now trading near $94,000.
Clearly, Cryptocurrencies remain volatile throughout the year with strong fluctuations. For those concerned about high volatility in this space, investing in traditional stocks may be the best option. Even so, according to a Fortune report, two Cryptocurrency-related companies—Coinbase and Robinhood—are well positioned for a strong 2025.
The two companies went public earlier in 2021 and have followed similar paths since then. After an initial period of success, their stock price plummeted due to macroeconomic changes and the collapse of Cryptocurrency markets in late 2022. But the story changed in 2022. 2024.
Coinbase started 2024 with a stock price of $156 but ended the year at nearly $250, a 50% increase. Robinhood shares are also up nearly 200% on year-over-year charts.
Interest from Individual Investors Pushes Coinbase and Robinhood Higher?
With broad market trends pointing to a bright 2025, more people can enter the market through trading apps like Robinhood and Coinbase. Analysts believe that Bitcoin will likely surpass the $120,000 mark soon, and those eager to participate will have to rely on these companies.
As Bitcoin and other Cryptocurrencies increase in price, individual investors flock to trading platforms, dramatically increasing app downloads.
Recently, Coinbase took the ninth position in the global app ranking, followed by Robinhood at 13. The simultaneous growth of Coinbase and Robinhood shows the need for innovation for Dien Bien trading platforms Tu easy to use.
Looking at technical factors, Robinhood’s Q3 2024 earnings report revealed a significant increase in Cryptocurrency trading volume, reaching $14.4 billion. This is a 114% year-over-year increase from Q3 2023.
Founder and CEO Vlad Tenev also commented on the earnings report.
“I’m very proud of our Q3 results and how smoothly our product engine is running. Over the past month, we introduced Robinhood Legend, our new desktop product, and announced the upcoming launch of index options, futures, and profit and loss tools. We have tons of momentum and are just getting started,” Tenev said.
Furthermore, total trading volume Q3 of Coinbase has more than doubled compared to the previous year, up to 185 billion USD.
Robinhood and Coinbase won’t report Q4 results until February. However, strong results can be expected thanks to the market surge fueled by Bitcoin’s massive rally in October, especially especially after Donald Trump’s election victory.
Separately, Coinbase’s Base blockchain added 13.7 million users in October 2024, outpacing major rivals like Ethereum and emerging as the fastest growing blockchain.
Collectively, the two companies seem poised to make a major impact on the stock and Cryptocurrency markets in 2025. However, there are also challenges to overcome.
For example, Coinbase was sued for $1 billion after the company decided to temporarily suspend Wrapped Bitcoin trading in October.
