New York, Feb 13, 2026, 10:59 ET — Regular session
- HOOD rebounds roughly 8% late morning, snapping back after two sharp down days.
- Bitcoin climbs, and Coinbase surges—sending crypto-linked stocks higher.
- Attention now turns to crypto trading volumes, potential regulatory hurdles, and what Robinhood might reveal at its March 4 product keynote.
Robinhood Markets Inc, trading on the Nasdaq, climbed 7.7% to $76.58 in late morning action Friday, briefly reaching $77.05. Bitcoin advanced roughly 2.1%. Coinbase Global surged 15.7%, boosting crypto-linked stocks.
After tumbling 8.9% Wednesday and another 8.8% Thursday—about 17% shaved off in just those two sessions—the stock is now rebounding. (Investing)
HOOD’s shares have been moving almost in tandem with bitcoin lately, despite crypto making up just a fraction of Robinhood’s overall business. MarketWatch pegged the correlation at 0.96. For the fourth quarter, crypto brought in around 17% of revenue and just 11.5% of trading volume. (MarketWatch)
Robinhood shares tumbled after the company’s latest results landed shy of forecasts — revenue came in at $1.28 billion, short of the $1.34 billion analysts were looking for, according to Reuters. CFO Shiv Verma pointed out that “the active traders were still really active,” but said much of the action shifted into cheaper tiers, cutting into revenue per trade. (Reuters)
Even with the short-term stumble, a few analysts are still looking ahead. Michael Cyprys at Morgan Stanley said Robinhood “enters ’26 with strong product velocity that can support growth,” pointing out that crypto volumes have slowed. (Investing)
CEO Vlad Tenev doubled down on Robinhood’s expansion into prediction markets—contracts tied to event outcomes. He described this as the beginning of a “prediction market supercycle.” Robinhood put the value of such contracts at $12 billion for 2025, with $4 billion already logged this year. (Investopedia)
Arbitrum announced that Robinhood Chain’s testnet launched Feb. 11, giving developers a sandbox to experiment with its upcoming “layer-2” blockchain built atop Ethereum. According to the blog, Robinhood is committing $1 million to support Arbitrum’s 2026 Open House developer initiative. (Arbitrum, and the Ecosystem)
Macro jitters linger. U.S. equities edged lower Friday, tech shares pacing the drop—even as January’s inflation numbers came in milder than forecast and brought a measure of calm. “The trend in disinflation continues,” State Street Markets strategist Michael Metcalfe noted. (Reuters)
At this point, traders are watching three things: where bitcoin heads next, any uptick in retail activity, and if Robinhood’s trading mix swings back to more lucrative flows. Lately, the stock’s been acting less like a straightforward broker and more like a barometer for market mood.
But the risk swings both directions. A fresh drop in bitcoin might drag HOOD down near its recent lows again, and regulators are still an open question as Robinhood expands further into prediction markets and tokenized assets.
March 4 is on deck as the next big event for Robinhood; the firm’s “Take Flight” product keynote goes live at 7:30 p.m. ET, promising details on a fresh batch of offerings. There’s also word of some limited-time promos kicking off Feb. 19. (Marketscreener)
