Coinbase硬币和Robinhood Hood是两个名称，这些名字在与加密货币有关的主题时同时讨论

鉴于唐纳德·特朗普总统的加密偏爱，这两种股票都引起了人们的关注。比特币（最大的加密货币）的移动影响了这些股票。

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）是两个名称，这些名字在与加密货币有关的主题时同时讨论。鉴于唐纳德·特朗普总统的加密偏爱，这两种股票都引起了人们的关注。

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.

比特币（最大的加密货币）的移动影响了这些股票。缓解采用加密货币（包括制度）的监管控制放松，这使人们变得乐观。集成人工智能（AI）和区块链技术以提高安全性和效率。但是，网络威胁仍然是一个挑战。

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

但是作为投资选择，哪种股票更具吸引力？让我们仔细研究这些股票的基本面。

Factors to Consider for COIN

要考虑硬币的因素

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.

美国最大的注册加密交易所将受益于更高的加密资产波动和价格。特朗普的亲克赖普托倾向和专注于监管清晰度将进一步受益于共同基础。该公司在美国产生了其总收入的83％，该公司被设想为加密枢纽。在2024年，总收入增加了一倍以上，这也标志着阳性调整EBITDA的两年。

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驱动的，应继续改善。在2024年，交易量逐年翻了一番，反映了美国的总市场份额和市场份额的增加。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.

为了增强加密货币的努力，Coinbase正在投资基础架构和基础平台（例如基本 - 第2层解决方案）。底座是有助于区块链规模的低成本第2层解决方案。通过基础和Stablecoins增强加密货币效用的举措令人鼓舞。

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是一家从根本上强大的公司。它以2024年的结尾，有93亿美元的美元资源，该资源定义为现金和现金同等价值和美元，一年增长了38亿美元。

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.

在过去的几个季度中，债务一直在下降，而总债务资本比率一直在提高。此外，其较高的利息意味着该公司可以舒适地偿还其债务。

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

管理层希望Coinbase成为试图集成加密货币的公司的平台。

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

但是，由于较高的交易费用和其他运营费用而升级的费用往往会在利润率上权衡。

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.

加密资产价格风险可能会对运营结果产生不利影响。比特币，以太坊和其他加密资产的市场价格下跌可能会对收益，加密资产的账面价值和未来现金流量产生不利影响。这也可能影响流动性和履行正在进行的义务的能力。