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.



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