Bernstein: Robinhood is expected to be the biggest beneficiary of cryptocurrency deregulation in the United States

According to Bernstein's research report, Robinhood is expected to be the biggest beneficiary of cryptocurrency deregulation in the United States. With the possible emergence of a pro-cryptocurrency Securities Exchange Commission (SEC) policy, Robinhood's market potential is expected to increase significantly. Bernstein raised its price target for the trading platform from $30 to $51 and maintained its outperform rating on its stock.
In addition, Robinhood recently acquired cryptocurrency exchange Bitstamp, which will enhance its ability to provide value-added crypto services.