Robinhood Wins a Round in Battle With Coinbase

Robinhood and Coinbase are two of the most popular trading apps, historically concentrating on equities and crypto, respectively. But more and more, they’re competing head to head. Coinbase is launching stock trading, while Robinhood is expanding in crypto. Both are also betting big on prediction markets.

Yet as far as stock performance goes, the two companies couldn’t look more different. Robinhood’s shares rose 186% last year, while Coinbase’s fell 12%. The performance difference is particularly stark given the crypto-friendly administration currently in Washington could have given a boost to Coinbase. Robinhood shares are trading at a price-earnings ratio of 48, based on estimated earnings over the next 12 months, versus Coinbase’s ratio of 41, according to data from S&P Global Market Intelligence.