Today, shares of Robin Hood reversed course after surging to a new all-time high as the retail trading app's new crypto offerings seemed to oppress Wall Street and Circle's Dante Desparte discusses how the stablecoin issuer is moving forward on its mission to bring the tokens into the Trafi world. Welcome to CNBC's Crypto World. I'm Talia Kaplan.Crypto prices in the red as we kick off the month and the second half of the year. As of noon Eastern, Bitcoin dipped to the $15,000 level. Ether fell 2% but still ...

robinhood deploying on arbitrum instead of base tomorrow hits different than the $HOOD vs $COIN chart.orbit chain + $ROBIN yield = real tokenized equities playnot priced in yet. ...

Core Insights - Coinbase Global Inc. (COIN) primarily generates revenue from transaction fees, which account for over 50% of its total revenue and are closely linked to trading volumes [1][4] - Transaction revenues rose 18.2% year-over-year to $1.3 billion in Q1 2025, driven by a 26% increase in trading volume [2] - The company anticipates a decline of $30 million to $40 million in institutional transaction revenues for Q2 2025 [2][8] Revenue Growth and Market Position - The increase in crypto trading activity, fueled by the adoption of Bitcoin ETFs and tokenized assets, is enhancing COIN's transaction-based income [3] - Coinbase is investing in foundational infrastructure, such as its Layer 2 Ethereum scaling solution, Base, to support long-term growth and improve crypto utility [3] - The platform has expanded its asset offerings by launching tokenized equities on Base, contributing to its revenue growth [3] Competitive Landscape - COIN competes with Robinhood Markets and Interactive Brokers, both of which also rely heavily on transaction revenues from active trading [5][6] - Robinhood's transaction revenues, which make up over 60% of its total revenues, are sensitive to market fluctuations and retail investor behavior [5] - Interactive Brokers benefits from high-margin commission-based transaction revenues, demonstrating strong operating leverage [6] Financial Performance and Valuation - COIN's shares have gained 1.2% year-to-date, outperforming the industry [7] - The company trades at a price-to-earnings ratio of 45.5, significantly above the industry average of 18.72, indicating an expensive valuation [10] - The Zacks Consensus Estimate for COIN's EPS has decreased by 47.1% and 37% for Q2 and Q3 2025, respectively, while estimates for full-year 2025 and 2026 have increased by 52.3% and 16.7% [11][12]