Robinhood Markets (HOOD) CEO Vlad Tenev introduced that Robinhood Banking crossed $1.5 billion in deposits from almost 100,000 funded prospects, with deposit progress of roughly 50% in simply three weeks.
The product, launched in November 2025 completely for Robinhood Gold subscribers, provides FDIC-insured checking and high-yield financial savings by means of Coastal Neighborhood Financial institution. The speedy traction now places direct stress on Coinbase (COIN), which lacks any conventional banking product.
From Buying and selling App to Banking Contender
Robinhood Banking’s progress trajectory has been steep. By December 2025, deposits sat at $100 million. By January 2026, that they had reached $300 million in income with 20,000 prospects.
By early March, the determine reached $1 billion throughout 65,000 funded accounts. The most recent numbers present deposits almost doubled once more in three weeks.
The common deposit dimension is round $15,000 per buyer. That implies customers are shifting main banking relationships relatively than testing the product.
Robinhood’s broader technique ties banking into an built-in ecosystem spanning shares, choices, crypto, bank cards, and retirement accounts.
The corporate recorded $68 billion in web deposits throughout all merchandise in 2025 and grew its Gold subscriber base to 4.2 million.
The place Coinbase Falls Brief
Coinbase doesn’t supply FDIC-insured checking or financial savings accounts. Its money options revolve round USD balances for crypto buying and selling and USD Coin (USDC) yield, which has turn into more and more tied to the paid Coinbase One subscription.
That stated, Coinbase’s stablecoin enterprise generated $1.35 billion in income in 2025, up from $911 million the prior yr. The corporate earns curiosity revenue from USDC reserves by means of its revenue-sharing settlement with Circle.
Nonetheless, the regulatory atmosphere threatens that revenue stream. The GENIUS Act, signed in July 2025, bars stablecoin issuers from paying curiosity to holders.
Draft language within the Senate’s CLARITY Act might additional prohibit Coinbase from providing USDC rewards fully.
Robinhood’s FDIC protection extends as much as $2.5 million per depositor by means of deposit sweep applications. Coinbase provides no equal safety for money or USDC holdings.
Two Philosophies, One Tremendous App Race
Each corporations are constructing towards the identical purpose however from reverse instructions.
- Robinhood began with shares and added banking, credit score, crypto, and retirement into one interface.
- Coinbase started with crypto and has since added 24/5 fairness buying and selling, stablecoin yield, and borrowing towards digital belongings.
Massive milestone — Robinhood Banking simply crossed $1.5B in deposits from almost 100K funded prospects, and deposits are up ~50% up to now three weeks,” stated Tenev.
HOOD inventory responded to the momentum, rising 6.35% to $69.30 on March 31, with after-hours buying and selling pushing to $69.96.
The inventory has pulled again roughly 40% from its October 2025 all-time excessive of $152.46 however stays up over 85% year-over-year.
With 75% of Robinhood’s 27 million funded prospects below 44, the corporate holds a demographic benefit within the race for on a regular basis monetary engagement.
Coinbase’s month-to-month energetic consumer depend has stagnated since 2021, and its income stays closely tied to unstable crypto buying and selling cycles.
The query now shifts from whether or not Robinhood can compete with Coinbase in crypto as to whether Coinbase can compete with Robinhood in all the things else.
The put up Coinbase Has Crypto, However Can It Survive Robinhood’s $1.5 Billion Banking Blitz? appeared first on BeInCrypto.