Crypto Winter vs. Bear Market: Has Coinbase or Robinhood Fared Better?
Whether it has been the crypto winter or the bear market, both the large crypto exchange Coinbase (NASDAQ: COIN) and the popular online retail brokerage Robinhood (NASDAQ: HOOD) have had a rough go of it in 2022. Coinbase's stock is down more than 73% this year, and Robinhood has seen its shares fall over 49%. Both businesses are struggling, as tough market conditions have frustrated retail investors and slowed investment activity, which is vital to these companies and their business models. But which has held up better this year amid the turbulence? Let's take a look.
Although Robinhood largely helps retail investors purchase equities (along with a solid and growing crypto business) and Coinbase sells only cryptocurrencies, the two are similar given that they both offer platforms helping mostly retail traders buy and sell assets. Therefore, their businesses can be evaluated using similar metrics. Here's a look at how some select figures have held up at each company between the fourth quarter of 2021 and Q2 of this year, starting with Robinhood.
Data source: Robinhood financial statements.
Source Fool.com
