CandleFocus

Robinhood Is the Top Crypto Deregulation Trade, Bernstein Says

Brokerage firm Bernstein believes that Robinhood will benefit the most from potential crypto deregulation in the United States and has raised its price target for the trading platform to $51 from $30. The firm predicts that Robinhood's acquisition of crypto exchange Bitstamp will increase the value-added crypto services it can provide. Bernstein stated that Robinhood's limited offerings in the crypto space can change under a potentially pro-crypto U.S. Securities and Exchange Commission (SEC) in a Donald Trump administration, which would allow the platform to list new tokens and introduce new crypto product lines.

Related News