New York, Feb 3, 2026, 05:04 EST — Premarket
- Robinhood shares rose roughly 1.7% in premarket trading, rebounding slightly after Monday’s 9.6% slide
- Bitcoin held steady Tuesday morning, following a drop below $75,000 the day before
- Attention turns to the UK ISA rollout and prediction-market demand ahead of the Feb. 10 results
Shares of Robinhood Markets, Inc. (HOOD) climbed 1.7% to $91.39 in premarket action Tuesday, clawing back some ground after a 9.6% drop the day before. On Monday, the stock finished at $89.91, having fluctuated between $88.67 and $95.89 on about 59.74 million shares traded. (Investing)
This shift drags Robinhood back into bitcoin’s wake, after the cryptocurrency dipped to $74,635 Monday before climbing past $78,000 early Tuesday. Traders watch this broker closely as a gauge of retail risk appetite, given that a large chunk of its revenue hinges on trading volume, including crypto trades. (Investing)
Crypto-related stocks took a hit in the latest session. Coinbase slipped 3.5%, while Strategy plunged 6.7%, according to the Wall Street Journal. (Wall Street Journal)
Piper Sandler’s Patrick Moley pointed to the end of football season as a “headwind” for Robinhood’s prediction-market revenue, noting it accounted for nearly half the volume. “Long term, we believe Robinhood is the best way to play secular growth in retail trading,” Moley said, maintaining an Overweight rating and a $155 price target. (Barchart)
Prediction markets allow traders to buy and sell contracts tied to yes-or-no outcomes, effectively turning major events into bets. Brokerages are increasingly using them as a tool to maintain customer interest when stock trading dips.
Robinhood on Monday launched a stocks & shares ISA, a UK tax-advantaged investment account, for its British customers. The platform charges no fees or commissions. It’s also sweetening the deal with a 2% cash bonus on new eligible deposits made before April 5, 2026. Customers will face a 0.10% foreign-exchange fee per trade during U.S. FX market hours. The account offers access to roughly 5,000 U.S.-listed stocks and ADRs. Jordan Sinclair, head of Robinhood’s UK division, said, “Investing should be rewarding, not costly.” (MarketScreener)
The UK expansion offers investors a fresh angle beyond crypto: can Robinhood’s product growth diversify its revenue and reduce its market volatility?
That sensitivity works both ways. Should bitcoin’s rally stall, traders will be on alert for a renewed dip in crypto activity — and the potential impact on transaction-based revenue.
On tap: Super Bowl LX kicks off Sunday, Feb. 8, followed by Robinhood’s Q4 earnings report Tuesday, Feb. 10, after the U.S. market shuts down. CEO Vlad Tenev and new CFO Shiv Verma will break down the numbers during a 5 p.m. ET video call. (Nfl)
