Robinhood Is the Top Crypto Deregulation Trade, Bernstein Says
Summary
Robinhood is expected to benefit significantly from a potentially pro-crypto SEC under a Donald Trump administration. Bernstein raised its price target for Robinhood to $51 from $30, maintaining an outperform rating. Robinhood has operated a limited crypto business, listing only 19 tokens and generating no revenue from staking, lending, derivatives, or stablecoins. A pro-crypto SEC could allow Robinhood to expand its offerings and increase revenues by listing new tokens and introducing new crypto products. The acquisition of Bitstamp and its European platform could enhance Robinhood's crypto services, including staking and lending.
