Robinhood reported record second-quarter revenue and earnings, while cryptocurrency transaction revenue fell 38% despite continued expansion through Bitstamp, Robinhood Chain and tokenized stocks.

Robinhood could see strong second quarter financial results and/or third quarter guidance thanks to new products launched this year.

Robinhood has proven better at diversifying its revenue streams—but emerging fields of AI commerce and tokenized stocks will boost Coinbase in time.