Coinbase and Robinhood are bracing for a huge 2025 if crypto tailwinds persist

The last quarter of 2024 saw the price of Bitcoin rise over 25% to surpass $100,000 following the election of Donald Trump and a cryptocurrency-friendly Republican Congress. While cryptocurrency markets recorded a modest decline in the last two weeks of December, the overall trends remain very bullish. These trends include Wall Street’s continued embrace of cryptocurrencies; The popularity of Ethereum – and its characteristics outside Derivatives exchange. Robinhood is also set to benefit from its recent crypto initiatives, including its entry into prediction markets and its growing crypto presence in Europe.

The bottom line is that both Robinhood and Coinbase have evolved from companies that relied on a feast-or-famine business model based on temporary trading trends, to companies that are at the forefront as cryptocurrencies become the mainstay of global finance.

This story originally appeared on Fortune.com