Whale's Insight: Crypto Is Changing - Where Is The Money Going?

What happened: Trading platforms are expanding beyond crypto. Robinhood's event contract revenue and Coinbase's prediction market business both grew, while institutional crypto buying slowed. Key numbers: Robinhood event contract revenue $173M in Q3 vs crypto trading revenue $120M. Why it matters: Both Robinhood and Coinbase stocks fell after their earnings reports. Strategy's weekly BTC purchases dropped to a few hundred coins from thousands earlier this year, and AI infrastructure is becoming another growth source as BTC and ETH demand stays under pressure.

Trading platforms are expanding beyond crypto. Robinhood's event contract revenue and Coinbase's prediction market business both grew, while institutional crypto buying slowed.

Both Robinhood and Coinbase stocks fell after their earnings reports. Strategy's weekly BTC purchases dropped to a few hundred coins from thousands earlier this year, and AI infrastructure is becoming another growth source as BTC and ETH demand stays under pressure.