Bitcoin Nears $82,800 Resistance as Coinbase, Circle and Robinhood Report Strong Q2 Results

  • Robinhood expanded its Prediction Markets Hub across sports, elections, economics and Federal Reserve decisions.
  • Event-contract revenue reached $156 million, exceeding cryptocurrency and equity-trading revenue.
  • Robinhood had facilitated between 11 billion and 16 billion event contracts by mid-2026.

Bitcoin has climbed approximately 30% from its recent bottom and is approaching the $82,800 resistance level, with inflation data and the Federal Reserve's September 15-16 meeting emerging as potential market catalysts. Coinbase captured a record 10.3% of global cryptocurrency trading volume in the second quarter, up from 9.1% in the first quarter, while subscription and services revenue reached $555 million and its average USDC balance hit $20 billion. Circle's USDC circulation rose 19% year over year to $73.3 billion, and the company plans to open the public mainnet of its Arc blockchain on September 16. Robinhood reported record second-quarter revenue of $1.31 billion, up 32.5% from a year earlier, as its prediction-markets business expanded rapidly alongside options, equities, cryptocurrency and AI-enabled trading. Event-contract revenue reached $156 million, exceeding cryptocurrency revenue of $100 million and equity-trading revenue of $129 million for the first time. The Prediction Markets Hub, launched in March 2025, offers binary contracts on elections, economic indicators, sports and Federal Reserve decisions; by mid-2026, Robinhood had facilitated between 11 billion and 16 billion contracts through the platform. Robinhood has also expanded its market infrastructure through Rothera Exchange and held preliminary discussions with Crypto.com about integrating prediction-market offerings. Robinhood shares rose 36% in August, while institutional investors held 93.27% of outstanding stock and analysts issued mixed target revisions.

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