Coinbase is FINISHED! Why Robinhood Just Won The Entire Market?

Ian Cassel (0:00)

Who owns the next generation of investors?

SPEAKER_2 (0:04)

The last time Vlad came on, Tenev, came on Market Mondays, I threw out a question of, how soon before you introduce agentic AI into trading? And he said, oh, no, we haven't looked at it. But even in the interview, when he smirked a little bit, that wasn't till. I know they are known for crypto, but I look at Robinhood as Bloomberg for retail traders. And if you can now, like I love the developments, the summit was just in Houston. So I got a lot of feedback of what was going on, but even the development there has been tremendous.

But the agentic trading suite that they are going to offer over the next couple of years, I think is going to separate them for sure from Coinbase.

And the predictions market, they are really a predictions derivatives company that is almost second to none in terms of innovation. So if I have to pick one, for sure, not just because of our relationship, but I love from a trader standpoint, what you can do there, I'm picking Robinhood all day.

Ian Cassel (1:10)

What about you, Troy?

Troy (1:11)

I don't think it's a fair comparison. Because Robinhood does what Coinbase does essentially. I know as far as the ownership, but you don't own your crypto on Coinbase anyway. But for the crypto purists, but Robinhood does what Coinbase does better. It does five other things that Coinbase does not do. So it's in stocks, it's in the prediction market. It has an AI agent now that can trade stocks for you. It's going to be open 24-hour for stock trading.

You can buy gold. There's only different things that Robinhood does. It's a whole entire ecosystem when Coinbase is for cryptocurrency, and 90 percent of cryptocurrency is stupid and useless.

So, yeah, I think that it's just not even a fair comparison because Robinhood does so. Robinhood is a supermarket and Coinbase is a corner store.

SPEAKER_2 (2:03)

Troy, what are your thoughts?

Ian Cassel (2:06)

I've always been Robinhood.

We call it the hood. I've been in the hood for a long time, and we watched this. I think if we go back to our companies of the year in December to watch in 2026

SPEAKER_2 (2:19)

Yeah, we both had them in there.

Ian Cassel (2:21)

This was on the list, and at that time, it was trading maybe at $72. I know we got down to $67 and we bought some calls there at $70. Yeah, big on Robinhood. Outside of the options market that has done well for them, the prediction market, I mean, and Vlad told us this too, he's like, look, it has changed everything. The prediction market, I mean, it's got the 300% growth. And that's not going to slow down.

But yeah, I think you're right, the par for of things that they can do and the opportunities that they present for the retail investors, like I said, I would say 90% of the people, especially young people, when we ask them, like, do you have a brokerage account?

That's the company that they're saying. And it's not, I can't even tell you what number two is, because everybody has, this is their entry, like, I have Rappahood and they've made their suite of products pretty accessible to all traders, really, right? Even if you're a veteran, their products are really good. Their products are really good. So in terms of the next generation, I know most millennials will say, hey, I have Bitcoin, and if there is a brokerage that I'm using, a lot of time it is Coinbase, but it just doesn't have the amount of verticals that Coinbase presents. So I definitely got to go with them.

SPEAKER_2 (3:40)

Even on the future side, I'm not switching the platforms that I use, but their future side and that pricing ladder that we saw at the conference, it was great on demo, and it's only gotten better since then. So for them to be able to dominate prediction markets, options, futures, it's a hard company to short. It's a mistake to short this company.

Ian Cassel (4:02)

All right, this is a toss up. Now, some companies are aligned, and then there's like one and two in the space. We're talking about cybersecurity on this one, CrowdStrike and Palo Alto.

This is one and two. This is one and two now.

SPEAKER_2 (4:19)

It's like splitting hairs, man. I really like both. I'm not going to do my both answer. If I have to pick just off top of my head, I'm going to lean towards CrowdStrike, but you cannot go wrong with either.