Investment firm Bernstein asserts that the ongoing cryptocurrency bull market remains in its early stages, with increasing trading volumes and mainstream adoption serving as key growth catalysts. This trend particularly benefits trading platforms Robinhood and Coinbase, which are capitalizing on heightened investor activity.
Robinhood recorded its strongest monthly trading volume in six months during July, driven largely by surging interest in Ethereum (ETH), Solana (SOL) and various DeFi tokens. This robust trading activity contributed significantly to Robinhood’s impressive Q2 earnings performance, signaling the bull market’s formative phase according to analysts.
Simultaneously, Coinbase’s strategic institutional partnership with JPMorgan Chase is advancing digital asset adoption, strengthening the bullish market structure. Bernstein emphasizes that this collaboration positions Coinbase advantageously while noting that both platforms warrant close investor monitoring for exposure to the expanding cryptocurrency ecosystem.