Robinhood Rallies 220% in 2024, Coinbase Also Outpaces S&P 500
Robinhood soared 220% in 2024, leaving the S&P 500 well behind and becoming one of the market's standout performers. Coinbase has similarly outpaced the benchmark, and the twin rallies have become a frequent talking point on trading floors and social media as investors revisit trading apps and crypto exposure.
The run-up matters because it signals renewed retail engagement and improving revenue prospects for platforms that bridge traditional markets and crypto. That said, momentum can be fickle: the shares remain sensitive to crypto price swings, user growth trends and regulatory developments. For now, the outperformance underscores how retail-focused fintechs are shaping market dynamics, even as analysts caution about potential volatility ahead.