Robinhood and Coinbase See Significant Trading Volume on Friday
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 26 2025
0mins
Should l Buy COIN?
Source: NASDAQ.COM
- Volume Analysis: On Friday, Robinhood Markets traded over 7.5 million shares, with a price decline of about 0.3%, indicating ongoing market interest but failing to drive price appreciation.
- Coinbase Dynamics: Coinbase Global saw over 3.9 million shares traded on Friday, with a price drop of approximately 0.9%, reflecting investor uncertainty in the cryptocurrency market.
- Stonex Outperformance: Stonex Group rose about 1.3% during Friday's trading, making it the best-performing component in the ETF, showcasing its relative strength in the market.
- Miami International Holdings Lagging: Miami International Holdings fell by approximately 1.2%, underperforming within the iShares U.S. Broker-Dealers & Securities Exchanges ETF, possibly indicating market concerns about its future growth prospects.
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Analyst Views on COIN
Wall Street analysts forecast COIN stock price to rise
25 Analyst Rating
17 Buy
7 Hold
1 Sell
Moderate Buy
Current: 160.240
Low
230.00
Averages
361.63
High
440.00
Current: 160.240
Low
230.00
Averages
361.63
High
440.00
About COIN
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides a platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers their primary financial account for the cryptoeconomy; institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. Its platform helps people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and global transfers. It offers products and services to various customer groups: individuals, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime Trading, markets, base protocol and Coinbase wallet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- CLARITY Act Stalemate: Despite the White House taking a leading role in advancing the market structure bill for the CLARITY Act, the legislation remains stalled, forcing crypto and bank executives to finalize a deal by the end of the month, which increases market uncertainty.
- Declining Revenue Expectations: Coinbase's Q4 revenue fell 21% year-over-year to approximately $1.8 billion, missing analysts' expectations of $1.83 billion, indicating the direct impact of a weak cryptocurrency market on the company's performance.
- Significant Net Loss: The company reported a net loss of $667 million for the quarter, compared to a profit of $1.3 billion in the same period last year, primarily due to falling token prices leading to reduced trading activity, reflecting a deteriorating market environment.
- Poor Stock Performance: Coinbase's shares have dropped 33% over the past year, while Bitcoin has logged its worst financial year opening on record, further exacerbating investor pessimism and shifting retail sentiment around COIN into bearish territory.
See More
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- Stablecoin Revenue Growth Potential: According to Bloomberg Intelligence analysts, Coinbase's stablecoin revenue accounted for approximately 19% in 2025, and under the Genius Act framework, revenue could expand two to seven times if stablecoin adoption in payments accelerates, indicating strong market demand and potential profitability enhancement.
- Legislative Impact and Competition: The Genius Act aims to integrate stablecoins into the financial system; however, banks are pushing to limit stablecoin rewards, which could impact Coinbase's revenue-sharing agreement with Circle, thereby affecting its stablecoin business profitability model.
- Profitability Model Shift: Coinbase CEO Brian Armstrong stated that prohibiting interest payments to token holders could ironically make the company more profitable, as it would retain more earnings instead of passing the majority to customers, suggesting a strategic adjustment that could enhance overall financial performance.
- Market Performance and Outlook: Coinbase earned $332.5 million from stablecoins in Q4 2023, reflecting a 38% year-over-year growth, and forecasts subscription/services revenue for Q1 2026 between $550 million and $630 million, demonstrating resilience amid market fluctuations and confidence in future growth.
See More
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- Ethereum's Strong Rise: Ethereum surged from around $1,850 to $1,910, reflecting sustained demand for major cryptocurrencies, even as the overall market capitalization fell by 1.71% to $2.20 trillion.
- Market Liquidation Overview: Nearly $380 million was liquidated in the last 24 hours, with short liquidations dominating, suggesting that the prevailing extreme fear sentiment could impact future price movements.
- Analyst Range Predictions: Analyst Lacie Zhang forecasts Bitcoin to trade within a range of $58,000 to $76,000, while Ethereum may fluctuate between $1,750 and $2,200, with current levels testing key support, highlighting market uncertainty.
See More
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- Extended Trading Hours: Coinbase announced that all U.S. customers will be able to trade stocks and ETFs 24/5 on the same platform, enhancing user trading flexibility and potentially attracting more traditional investors into the digital asset market.
- Innovative Partnership: The collaboration with Yahoo Finance allows users to seamlessly transition from asset research to trading with one click, significantly improving user experience and potentially boosting trading volumes.
- Unified Portfolio Management: This new feature enables users to manage both traditional investments and digital assets within a single app and account, further bridging the gap between traditional investments and the digital asset economy, enhancing investment convenience for users.
- Future Expansion Plans: Coinbase plans to expand to thousands of stocks in the coming months and introduce stock perpetuals, which are expected to provide international traders with 24/7 capital-efficient exposure to U.S. equities, demonstrating the company's keen insight into market demand.
See More
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- Senators Demand Intervention: Six Democratic senators are urging CFTC Chairman Michael Selig to ban prediction market contracts related to death, war, and terrorism, emphasizing that such contracts violate the Commodity Exchange Act, which could significantly impact the legality and operational framework of prediction markets.
- Controversial Market Trades: The senators highlighted contentious contracts on the Polymarket platform, including predictions about the Artemis II mission exploding, which traded as high as 8%, sparking public backlash and regulatory scrutiny over the appropriateness of such markets.
- Insider Trading Allegations: Analysts have raised concerns about a Polymarket contract predicting Nicolás Maduro's removal, where an account profited over $400,000 just before the U.S. military operation was made public, suggesting potential insider trading and further questioning market transparency.
- Market Size and Risks: While Kalshi does not list contracts related to military actions, Polymarket's trading volume reached $17 billion in January 2026, indicating rapid growth in prediction markets, but also introducing regulatory risks and ethical controversies surrounding such speculative activities.
See More
Apex Empowers Coinbase to Launch Stock Trading
- Stock Trading Milestone: The collaboration between Apex and Coinbase enables Coinbase users to trade stocks alongside cryptocurrencies on their platform, marking a significant bridge between traditional finance and digital assets, which is expected to attract more users to invest.
- Technological Infrastructure Advantage: Apex's AscendOS™ platform supports efficient trade execution and real-time fund transfers, allowing users to open digital accounts and fund them in seconds, thereby enhancing user experience and accelerating trading decisions.
- Multi-Asset Trading Capability: With Apex's comprehensive clearing and custody services, Coinbase can offer users a variety of asset classes, including stocks and ETFs, which enhances portfolio diversification and improves market responsiveness.
- Market Access and Developer Support: Apex provides modern APIs and SDKs to Coinbase, assisting development teams in accelerating platform integration and solving complex infrastructure challenges, thus driving Coinbase's expansion in the U.S. market.
See More
