According to a social media post, Coinbase (U.S. crypto exchange) led Robinhood (U.S. trading app) by $78 billion in 2024; by Q3 2025, Robinhood led by $21 billion, prompting questions about the CLARITY Act (proposed U.S. crypto legislation).
A social media post claims Robinhood (U.S. trading app) has overtaken Coinbase (U.S. crypto exchange) in retail crypto trading volume (individual investor trade value). The post states Coinbase led by $78 billion in 2024, but by Q3 2025 Robinhood had closed the gap and moved ahead by $21 billion. It also asks whether Coinbase’s stance on the CLARITY Act (proposed U.S. crypto legislation) reflected protection or competition motives. The figures suggest a notable shift in U.S. retail crypto activity between the two platforms, though the data is presented as part of a social media analysis.