In the footsteps of Robinhood earnings anti-hype cycle, you can imagine that investors overdid it a bit with consumer trading. Robinhood rode pandemic-driven consumer savings and investment boom all the way to the top, and now he’s in decline as active users fluctuate, his income dwindles, and he goes through a second round of layoffs.
And yet, this morning, Coinbase shares have risen so much that the company is more than doubling from recent lows. What’s the matter? Not Profit – Coinbase doesn’t report until next week. Instead, an unlikely traditional financial company is involved. Let’s talk about BlackRock, Coinbase, and what we can learn from Robinhood’s earnings that could impact the crypto giant.
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