Robinhood and Coinbase reported strong financial results for the fourth quarter of 2024, driven by a surge in cryptocurrency trading. Robinhood's crypto trading revenue jumped 700% year-over-year to $358 million, contributing 35% of its total transaction-based revenue. Its customers collectively hold 35 billion Dogecoin, valued at $8.8 billion, representing 24% of the token's supply. The company achieved a net income of $916 million, a tenfold increase, and total revenue of $2.95 billion for the year. Robinhood's crypto trading volume surged over 400% to $71 billion. Coinbase also saw significant growth, with Q4 net revenue nearly doubling to $2.2 billion and net income increasing 1,600% to $1.3 billion. The trading volume on Coinbase surged 176% to $94 billion. Coinbase expanded its offerings by launching CFTC-regulated futures contracts for Solana and Hedera, part of its suite of 19 futures assets. Both companies benefited from increased retail investor activity and a broader market recovery in cryptocurrencies, including Bitcoin and Ethereum.