Tag
#crypto
Analysis
Robinhood bets prediction markets can fill crypto revenue gap
Robinhood is positioning its prediction markets subsidiary as the next growth engine after crypto transaction revenue fell 47 per cent year over year in the first quarter, betting its 27.4m funded customer base can outscale dedicated platforms Kalshi and Polymarket.
By Sloane Carrington
Earnings
Coinbase Q1 revenue misses as volume drops, market share hits 8.6% record
Coinbase reported $1.4bn in Q1 revenue, missing consensus of $1.56bn, as crypto trading volumes declined more than 20 per cent quarter-over-quarter. But spot market share hit a record 8.6 per cent and stablecoin revenue rose 55 per cent year-over-year to $305m.
By Avery Lin
Crypto
Coinbase rebounds 10%, altcoins surge as SEC chair Atkins signals onchain support
Coinbase shares recovered 10 per cent from session lows as SEC Chair Paul Atkins signaled support for new rules around onchain trading and blockchain settlement infrastructure, lifting tokenization stocks and altcoins.
By Caleb Mwangi
