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    Coinbase (COIN) – Staking Revenue, Regulation, and Institutional Growth

    Executive summary Summary fundamentals Detailed fundamental analysis Revenue mix and staking mechanics Coinbase’s revenue base in Q2 2025 is split between transaction revenue (primarily trading), subscription and services (stablecoin revenue, blockchain rewards, custody, prime financing), and interest/other. Transaction revenue was $764.3M while subscription and services contributed $655.8M; blockchain rewards accounted for $144.5M within subscription and…

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    Peer Comparison: Charles Schwab vs Robinhood – Net Deposits and Retail Trading Trends in 2025

    Executive summary • Schwab recorded core net new assets of $80.3 billion in Q2 2025 while Robinhood reported net deposits of $13.8 billion in the same quarter; the differential frames deposit-gathering scale for incumbent custodian vs scaled retail platform. • Schwab Q2 net revenues were $5.9 billion and adjusted EPS $1.14; Robinhood Q2 net revenues…

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