Prediction markets are the new secret weapon for Coinbase (COIN) and Robinhood (HOOD) growth
Cantor Fitzgerald analyst Ramsey El-Assal said prediction markets are gaining traction as a new growth area for Coinbase (COIN) and Robinhood (HOOD) as investors look away from a weak first quarter for cryptocurrency trading and instead focus on future products. “Investors increasingly view quarterly reports as backward-looking,” Assal said, with attention turning to “forward-looking demand…