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Stock impact report

Robinhood leads crypto-tied brokerages lower in broader market rout [Seeking Alpha]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Seeking Alpha
The company's stock plunged 10% on Wednesday after the firm reported that its crypto revenue fell 38% from Newsletters for Every Investor Get daily, sector-specific newsletters packed with expert insights, fresh ideas, and new opportunities. Subscribe to Newsletters Sign Up Quick Insights Robinhood's 38% crypto revenue decline suggests similar weakness may affect crypto-linked brokerages' earnings this season due to softer retail volumes and lower digital-asset prices. Robinhood's rapid pace of product launches across trading, investing, banking, and AI could boost its market share by making active traders prefer its platform over rivals. Coinbase faces significant impact from lower crypto activity, as a large portion of its revenue comes from digital-asset trading, unlike more diversified firms such as Charles Schwab or Interactive Brokers. Recommended For You Show less Read more
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