InvestMoat

Coinbase vs Robinhood

Robinhood is growing faster. So why does Coinbase win?

Coinbase wins, 70 to 65, on moat and valuation.

Robinhood wins on growth, but Coinbase's lead on valuation counts for more.

COIN · Financials

Coinbase Global

…

HoldFull analysis

HOOD · Financials

Robinhood Markets

…

Speculative BuyFull analysis

COIN

HOOD

Composite
70
(higher)
65
Moat
66
(higher)
61
Growth
68
77
(higher)
Valuation
75
(higher)
62

COIN

HOOD

Bear
$80
$45
Base
$210
$100
Bull
$340
$175
Upside to base
—
—

COIN

HOOD

Revenue CAGR, 3–5 yr
12–20%
15–22%

COIN

HOOD

Proprietary Data
Intact
Intact
Regulatory Lock-In
Intact
Intact
Network Effects
Intact
Intact
Transaction Embedding
Strong (higher)
Intact
System of Record
Intact
Intact
Scale Economics
N/A
N/A
Brand & Pricing Power
N/A
Intact (higher)

COIN

HOOD

Learned Interfaces
Intact (higher)
Weakened
Business Logic
Weakened
Weakened
Public Data Access
N/A
Weakened (higher)
Talent Scarcity
Intact (higher)
N/A
Bundling
Intact
Intact

Shaded cells mark the higher score or stronger moat on each row. Valuation and composite use the live price when it is available, the same as each stock page.

Which is the better stock, Coinbase or Robinhood?

Coinbase wins, 70 to 65, on moat and valuation. Robinhood wins on growth, but Coinbase's lead on valuation counts for more. Our rating: Coinbase Hold, Robinhood Speculative Buy.

Does Coinbase or Robinhood have the wider moat?

Coinbase scores 66 on moat to Robinhood's 61. Coinbase is rated stronger on transaction embedding and learned interfaces.

Which is growing faster, Coinbase or Robinhood?

Robinhood scores 77 on growth to Coinbase's 68. We expect Coinbase to grow 12–20% a year, Robinhood 15–22%.

Is Coinbase or Robinhood cheaper right now?

Coinbase scores 75 on valuation to Robinhood's 62. In our base case, Coinbase has more upside: +31% vs −11%.

Scores in the answers use the price each valuation was last struck at; the table above updates with the live price. Not investment advice.