Increased buying activity around bitcoin will benefit Robinhood and Coinbase, says Needham's Todaro

Needham analyst Jordan Todaro says rising bitcoin buying activity will directly benefit retail-focused brokerages Robinhood and Coinbase. He argues increased demand drives higher trading volumes, custody balances, and fee revenue for these platforms. For Bitcoin, greater retail inflows and easier access via major brokers should bolster liquidity and provide potential upward price pressure while supporting broader adoption.