Bitcoin’s Halving Is Close. Why Coinbase and Robinhood Stock Might Not Benefit Much.

The pace that new Bitcoin is created is about to fall by half, a change that in the past has led to massive rallies in the cryptocurrency’s price. On Friday, Bitcoin is expected to undergo its “halving” event, which will slice the amount of coins that miners receive for validating transactions to 3.125 from 6.25 currently. One might think that such excitement around the halving would lead to increased trading activity on platforms like Coinbase and Robinhood.