Robinhood, a U.S.-based fintech company known for its commission-free trading platform, has turned out to be one of the biggest winners from the rise of Digital Asset Treasuries (DATs) and the boom around crypto-linked stocks.
In the past year, Robinhood’s stock, HOOD, has soared 467%, with its share price climbing as high as $117—as per Yahoo Finance data. The stock price is far outpacing Bitcoin (+97%), Ethereum (+63%), and even Coinbase (+57%). The huge rally reflects how much trading activity is shifting toward Robinhood.
Robinhood saw a major jump in activity during July 2025. Equity trading volumes reached $209.1 billion, rising 17% from June and doubling compared to the same month last year.
Overtaking Coinbase’s Market Positioning
In comparison, Coinbase, which is one of the largest crypto exchanges, processed over $230 billion in trading volume across an entire quarter (Q2 2025), and that included both retail and institutional clients.
Additionally, Robinhood delivered strong second-quarter results with revenue up 45% to $989 million, driven largely by a 98% year-on-year jump in crypto trading revenue to $160 million. Moreover, the firm’s net income doubled to $386 million.
This indicates that investors are seeking access to crypto-linked equities, memecoins, and digital asset managers using Robinhood and other legacy brokerages instead of crypto exchanges or on-chain DEX platforms.
However, this balance might not last forever. Analysts expect that as Coinbase expands into offering stock trading, some of this equity and meme trading activity could shift toward crypto-native platforms in the future.
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