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Digital and crypto brokerages

The 14 companies in this industry listed on the NYSE and Nasdaq are worth $157 bn combined; the largest are Robinhood Markets (HOOD), Coinbase Global (COIN) and Futu Holdings Ltd (FUTU). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Comfortable leader
14 companies value 157 bn revenue 33 bn margin — free cash flow — avg. score 2.9
HOOD holds 55.4% of the group's value, 1.9x the runner-up · COIN leads the industry without being the largest
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 HOOD Robinhood Markets
United States · score 5.1
55% 87 bn 4.9 bn 42.0% 0.2 bn 0.3% — App-based brokerage for stocks, options and crypto · Platform that dominates young US investors; revenue diversified beyond crypto
2 COIN Coinbase Global
United States · score 2.1
28% 44 bn 6.3 bn -15.7% 1.7 bn 3.9% — Crypto exchange and infrastructure · Largest regulated US crypto exchange; custodian for most bitcoin ETFs
3 FUTU Futu Holdings Ltd
China · score 7.1
9% 15 bn 2.9 bn 49.6% 5.2 bn 35.4% 1.9% Online brokerage for Chinese investors · China — assets of $29.3bn
4 BLSH Bullish
Cayman Islands · score 2.4
3% 4.1 bn — — 0.0 bn 0.5% — Institutional digital asset platform · Cayman Islands — assets of $4bn
5 BULL Webull Corp
United States · score 4.6
2% 3.1 bn 0.7 bn 6.3% 0.0 bn 1.0% — Online brokerage for stocks and crypto · Florida — assets of $4.1bn
6 ETOR eToro Group Ltd.
Israel · score 6.7
1% 2.0 bn 14 bn 1.6% 0.3 bn 15.7% — Brokerage and social investing network for retail investors · Israel — assets of $1.8bn
7 TIGR UP Fintech Holding Ltd
Singapore · score 6.8
1% 0.8 bn 0.6 bn 28.0% 1.3 bn 170.2% — Online brokerage for Chinese investors abroad · Singapore — assets of $8.2bn
8 GEMI Gemini Space Station, Inc.
United States · score 0.0
0% 0.4 bn 0.2 bn -250.1% -0.3 bn -73.7% — Crypto platform and digital financial infrastructure · New York — assets of $1.5bn
9 EXOD Exodus Movement, Inc.
United States · score 0.0
0% 0.2 bn 0.1 bn -79.9% -0.1 bn -43.1% — Self-custodial digital wallet for crypto assets · Nebraska — assets of $597m
10 SONM DNA X, Inc.
United States · score 0.0
0% 0.0 bn 0.1 bn -14.5% -0.0 bn -296.0% — Cryptocurrency brokerage · California — assets of $5m
11 ORIO Orion Digital Corp.
Canada · score 0.0
0% 0.0 bn 0.1 bn -12.4% 0.0 bn -3.3% — Digital financial services · Canada — assets of $124m
12 FLD Fold Holdings, Inc.
United States · score 0.0
0% 0.0 bn 0.0 bn -258.6% -0.0 bn -82.6% — Bitcoin-focused consumer financial services · Arizona — assets of $52m
13 CNCK Coincheck Group N.V.
Netherlands · score 1.6
— — 3.0 bn -0.4% 0.0 bn — — Licensed cryptocurrency broker in Japan · Netherlands — assets of $741m
14 MI NFT Ltd
Hong Kong · score 3.5
— — 0.0 bn -141.2% 0.0 bn — — Digital assets and collectibles · Hong Kong — assets of $108m

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What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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