Bitcoin has been one of the top-performing asset classes in 2024 due to the launch of new exchange-traded funds, leading to increased adoption and optimism. The question now is whether this momentum will extend to crypto trading platforms like Coinbase and Robinhood. Bitcoin's value has more than doubled since the beginning of the year, currently trading close to $94,000. Despite the high volatility of cryptocurrencies, two crypto-related companies, Coinbase and Robinhood, are well-positioned for a strong 2025. After going public in early 2021, both companies experienced a decline in stock prices following shifts in the macroeconomy and the collapse of the crypto markets in late 2022. However, in 2024, both companies saw a positive turnaround. Coinbase's shares rose by 50% during the year, while Robinhood's shares increased by almost 200%. With a bullish market trend for 2025, more people are expected to enter the market using these trading platforms. Retail investors tend to flock to trading platforms when cryptocurrencies surge, leading to increased app downloads. Recently, Coinbase and Robinhood have experienced growth in app rankings, indicating renewed demand. Robinhood's Q3 2024 earnings report showed a significant surge in crypto trading volume, while Coinbase's total trading volume has more than doubled year over year. The companies are expected to report strong Q4 earnings due to the market surge fueled by Bitcoin's rally in November. However, there are challenges to overcome, such as Coinbase being sued for $1 billion after suspending trading of Wrapped Bitcoin. Overall, Coinbase and Robinhood are expected to have a major impact on the stock and crypto markets in 2025.



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