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Coinbase, Robinhood Focus on Prediction Markets for Growth
CoinDesk·
Analysts at Cantor Fitzgerald are shifting investor focus from recent crypto trading slumps to future growth drivers like prediction markets for Coinbase and Robinhood. Despite anticipated weak first-quarter results due to declining crypto prices, both companies are investing in new products, including prediction markets, tokenization, and private market access, to diversify revenue beyond volatile trading cycles. This strategic pivot aims to attract investors looking beyond current market conditions towards long-term expansion and product innovation, with analysts maintaining overweight ratings and raising price targets for both stocks.
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fintech
crypto
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CoinDesk — coindesk.com