Technical analysis by BallaJi about Symbol HOODX on 1/7/2026

While Robinhood has certainly been faster at launching traditional banking features, Brian Armstrong has explicitly confirmed a pivot for Coinbase to become a "financial super app" (or "everything app") to directly compete in that same space. As of late 2025 and early 2026, Armstrong has shifted Coinbase’s narrative from being just a "crypto exchange" to becoming a "bank replacement" The Coinbase "Everything App" Pivot In his 2026 roadmap and recent interviews, Armstrong outlined a vision that looks very similar to what Robinhood is building, but powered by blockchain rails: The "Everything Exchange": In December 2025, Coinbase officially launched tokenized stock trading and prediction markets (via Kalshi) within its main app. They also flagged plans for 24/7 perpetual futures on both crypto and stocks for 2026. Primary Financial Account: Armstrong stated his goal is for Coinbase to be a "bank replacement" where users handle all spending, savings, and investing. This includes an aggressive push for the Coinbase Card and using stablecoins (USDC) for everyday payments. On-Chain "Super App": Coinbase recently rebranded its wallet as an "everything app," integrating messaging, social networking, and "mini-apps" that run on its Base network. This model is more akin to China’s WeChat than a traditional US brokerage. Robinhood currently feels like the "Amazon of Finance" because they already offer the full "Prime" experience (credit cards, 3% IRA matches, and gold subscriptions) using traditional rails. Coinbase’s counter-argument is that traditional rails are "outdated". Armstrong's bet is that by building the same services on Base (their Layer 2 network), they can offer faster, cheaper, 24/7 global services that Robinhood’s traditional banking partners can't match—like instant 200-millisecond transaction "Flashblocks". What do you think?