Coinbase and Robinhood, two major fintech companies, reported earnings that fell short of expectations, yet both are charting paths toward becoming financial super apps. Coinbase reported a net loss of $667 million in Q4 2025, largely due to unrealized losses on cryptocurrency holdings and investments. However, its subscription and services revenue surged to $2.8 billion in 2025, indicating a strategic shift beyond traditional crypto trading. Coinbase's acquisition of Deribit and partnerships with major banks underscore its ambition to become a key infrastructure player in the financial sector. Robinhood, despite a revenue shortfall attributed to lower crypto trading volumes, saw its average revenue per user rise by 27% year-over-year. The company's prediction market, launched less than a year ago, has become its fastest-growing business line, generating $300 million in annualized revenue. Robinhood is also expanding into banking and private markets, aiming to capture a share of the $100 trillion intergenerational wealth transfer. Both companies are converging on a vision of comprehensive financial services, with prediction markets and tokenization as key competitive arenas.