BUZZ-Coinbase climbs ahead of results as Robinhood signals strong retail trading activity

Shares of Coinbase COIN.O up 3.1% at $283.40 premarket after upbeat read-across from Robinhood HOOD.O results

Trading platform Robinhood posts record fourth-quarter revenue and profit, in large part fueled by crypto trading frenzy

Robinhood's transaction-based revenue from crypto trading surged over 700% in the fourth quarter to $358 mln

"We are expecting a strong Q4 from COIN after HOOD posted better than expected results ... and mgmt. expressed a high degree of confidence in 2025 stating that 'AI and Crypto' were main focus items," says Needham analyst John Todaro

After markets close, the U.S. crypto exchange is likely to report Q4 revenue jumped to $1.87 billion from $822.4 million a year ago, according to average analyst estimate on LSEG, as bitcoin's surge over $100,000 milestone is expected to have attracted traders

COIN's commentary on retail activity YTD, stablecoin adoption, and crypto regulation and legislation timetables would be in focus, Todaro says

COIN shares up 87% over the past 12 months, compared to 365% surge in HOOD shares