Bernstein: Robinhood is expected to be the biggest beneficiary of the relaxation of US cryptocurrency regulations

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