New York, Jan 20, 2026, 11:20 EST — Regular session
- Shares of Robinhood slid over 5% early on before settling around a 1% drop by late morning.
- Crypto-linked stocks mostly slid, with Coinbase dropping over 3%.
- With Robinhood set to report on Feb. 10, investors are closely monitoring Washington’s discussions on crypto and prediction-markets regulations.
Shares of Robinhood Markets dropped up to 5.6% early Tuesday but trimmed some losses, trading around $107.67 by 11:16 a.m. EST. The stock fluctuated between $102.60 and $108.34, with roughly 10.2 million shares exchanged.
The online broker noted a broad risk-off reaction after U.S. President Donald Trump announced Saturday that a 10% tariff on imports from Europe and Canada would begin Feb. 1. “We’re seeing the weakness because the headlines are stirring angst and concern,” said David Lundgren of Little Harbor Advisors. 1
Policy uncertainty remains a hurdle. Last week, the Senate Banking Committee postponed talks on draft legislation aiming to clarify when crypto tokens qualify as securities or commodities. The bill would also shift oversight of spot crypto markets—where coins trade for immediate delivery—to the Commodity Futures Trading Commission. Coinbase CEO Brian Armstrong criticized the current version, saying the exchange “could not support the bill in its current form” and warned that “a bad bill is worse than no bill.” Committee chairman Tim Scott responded that “everyone remains at the table working in good faith.” 2
Coinbase slipped 3.6% during the session. Shares of rivals Interactive Brokers and Charles Schwab dropped roughly 1% apiece.
Robinhood’s expansion into prediction markets adds another layer to its offerings. Users can buy “yes” or “no” contracts on events—these derivatives fall under CFTC oversight. The space grabbed headlines recently after a high-profile bet on Nicolás Maduro’s fate raised fresh concerns about trading on inside info, Investopedia reported. Andrew Kim, a lawyer at Goodwin Procter, told Investopedia that the line on what qualifies as “gaming” under CFTC rules remains unsettled. 3
Robinhood’s stock often moves like a leveraged play on retail demand, making the mix crucial. When markets turn volatile, trading volumes can shift fast—and so does investor sentiment.
Robinhood will release its fourth-quarter and full-year results on Feb. 10 after the market closes. The company will then hold a video call at 5 p.m. ET featuring CEO Vlad Tenev and incoming CFO Shiv Verma. Shareholders can submit and upvote questions from Feb. 3 to Feb. 9 via the Say Technologies Q&A platform. 4
Traders said they’re watching for signs that new product launches are sustaining customer activity, even if market momentum slows. They’ll also be alert for any indications that regulatory moves might hamper growth in crypto and event contracts.
Risks run in both directions. A sharper market drop or fresh congressional gridlock on crypto regulation might dampen activity. Meanwhile, increased oversight of event contracts could compel platforms to alter their offerings.
At the moment, Robinhood investors are left tracking the usual: tariff updates, crypto volatility, and shifts in U.S. regulations. All eyes are on Feb. 10 as the upcoming checkpoint.
