Coinbase硬幣和Robinhood Hood是兩個名稱，這些名字在與加密貨幣有關的主題時同時討論

鑑於唐納德·特朗普總統的加密偏愛，這兩種股票都引起了人們的關注。比特幣（最大的加密貨幣）的移動影響了這些股票。

Coinbase (NASDAQ:COIN) and Robinhood (NASDAQ:HOOD) are two names that are discussed simultaneously when it comes to topics related to cryptocurrency. Both these stocks have been in the spotlight, given President Donald Trump’s crypto favoritism.

Coinbase（Nasdaq：Coin）和Robinhood（Nasdaq：Hood）是兩個名稱，這些名字在與加密貨幣有關的主題時同時討論。鑑於唐納德·特朗普總統的加密偏愛，這兩種股票都引起了人們的關注。

Movement in Bitcoin, the largest cryptocurrency, impacts these stocks. The easing of regulatory control to accelerate crypto adoption, including institutional, raises optimism. Integrating artificial intelligence (AI) and blockchain technology to enhance security and efficiency is appreciable. However, cyber threats remain a challenge.

比特幣（最大的加密貨幣）的移動影響了這些股票。緩解採用加密貨幣（包括制度）的監管控制放鬆，這使人們變得樂觀。集成人工智能（AI）和區塊鏈技術以提高安全性和效率。但是，網絡威脅仍然是一個挑戰。

But as an investment option, which stock is more attractive? Let’s closely look at the fundamentals of these stocks.

但是作為投資選擇，哪種股票更具吸引力？讓我們仔細研究這些股票的基本面。

Factors to Consider for COIN

要考慮硬幣的因素

America's largest registered crypto exchange is set to benefit from higher crypto asset volatility and prices. Trump’s pro-crypto inclination and focus on regulatory clarity will further benefit Coinbase. The company generated 83% of its total revenues in the United States, which is envisioned as a crypto hub. Total revenues more than doubled in 2024, which also marked two straight years of positive adjusted EBITDA.

美國最大的註冊加密交易所將受益於更高的加密資產波動和價格。特朗普的親克賴普托傾向和專注於監管清晰度將進一步受益於共同基礎。該公司在美國產生了其總收入的83％，該公司被設想為加密樞紐。在2024年，總收入增加了一倍以上，這也標誌著陽性調整EBITDA的兩年。

Transaction revenues, primarily driven by trading volume, should continue to improve. In 2024, trading volume more than doubled year over year, reflecting an increase in both the total market and market share in the United States. Transaction revenues more than doubled year over year in 2024.

交易收入主要是由交易量驅動的，應繼續改善。在2024年，交易量逐年翻了一番，反映了美國的總市場份額和市場份額的增加。交易收入在2024年逐年翻倍。

In an effort to enhance crypto utility, Coinbase is investing in infrastructure and foundational platforms like Base — Layer 2 solution. Base is the low-cost Layer 2 solution that helps blockchains scale. Initiatives to enhance the utility of crypto via Base and Stablecoins are encouraging.

為了增強加密貨幣的努力，Coinbase正在投資基礎架構和基礎平台（例如基本 - 第2層解決方案）。底座是有助於區塊鏈規模的低成本第2層解決方案。通過基礎和Stablecoins增強加密貨幣效用的舉措令人鼓舞。

Coinbase is a fundamentally strong company. It ended 2024 with $9.3 billion in USD resources, which is defined as cash & cash equivalents and USDC, up $3.8 billion year over year.

Coinbase是一家從根本上強大的公司。它以2024年的結尾，有93億美元的美元資源，該資源定義為現金和現金同等價值和美元，一年增長了38億美元。

Debt has been decreasing over the past several quarters while total debt capital ratio has been improving. Also, its higher times interest earned implies that the company can comfortably service its debt.

在過去的幾個季度中，債務一直在下降，而總債務資本比率一直在提高。此外，其較高的利息意味著該公司可以舒適地償還其債務。

Management expects Coinbase to be the platform for companies that are trying to integrate cryptocurrency.

管理層希望Coinbase成為試圖集成加密貨幣的公司的平台。

However, escalating expenses due to higher transaction expenses and other operating expenses tend to weigh on margins.

但是，由於較高的交易費用和其他運營費用而升級的費用往往會在利潤率上權衡。

Crypto asset price risk could adversely impact operating results. A decline in the market price of Bitcoin, Ethereum and other crypto assets could have an adverse effect on earnings, the carrying value of crypto assets and future cash flows. This may also affect liquidity and the ability to meet ongoing obligations.

加密資產價格風險可能會對運營結果產生不利影響。比特幣，以太坊和其他加密資產的市場價格下跌可能會對收益，加密資產的賬面價值和未來現金流量產生不利影響。這也可能影響流動性和履行正在進行的義務的能力。