Analysts predict that Robinhood (HOOD) will report a staggering 440% increase in its crypto trading revenue, anticipating a jump from $63.9 million to $345.5 million for Q4 2024. This surge is attributed to heightened trading activity leading up to, and following, Donald Trump's presidential election in November 2024. Robinhood's overall revenue for the quarter is estimated to reach $934.9 million, compared to $660.5 million in the previous quarter, with earnings-per-share expected at $0.41. The trading app's results are significant for Coinbase (COIN), which is projected to report strong trading volume and revenues totaling $1.8 billion. The increase in Robinhood's volumes, which analysts suggest could reach approximately $69 billion, historically correlates with Coinbase's performance. Consequently, Robinhood's forthcoming earnings report is likely to affect perceptions of COIN, as both platforms attract retail traders in a favorable macroeconomic environment. As a result, COIN shares might benefit from HOOD's impressive earnings, reflecting anticipated trading growth in the cryptocurrency market.

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