Robinhood Surpasses Coinbase as On-Chain Infrastructure Provider

Retail brokerage Robinhood has rapidly transformed into an on-chain financial infrastructure provider, surpassing traditional exchange Coinbase in key metrics.

The company's Chain network experienced explosive growth since its launch on July 1, with a weekly revenue of $15.85 million in September, outperforming both Coinbase and Hyperliquid.

Rising prediction market revenue has become a core growth engine for Robinhood, exceeding the combined revenue from cryptocurrency and stock trading segments in the second quarter.