Coinbase earnings test looms as Robinhood crypto revenue sinks 55%

Coinbase faces a key earnings test as Wall Street analysts are divided on whether its trading rebound is holding up, after Robinhood reported a 55% drop in crypto revenue. The read-across matters because Robinhood's crypto revenue decline suggests retail trading activity has cooled, making Coinbase's own results a signal for the sector. Traders will watch whether Coinbase's trading volumes and revenue confirm the same slowdown or diverge from Robinhood's weakness.