Robinhood (HOOD) Is You can also find out more about the following: Top Crypto Deregulation Trade, Bernstein Says


The Broker raised its price target for the stock from $30 to $51 while maintaining its Outperform rating.

  • Robinhood The report stated that the crypto industry is expected to be the biggest beneficiary of the deregulation of crypto in the U.S.
  • Bernstein The price target for the trading platforms was raised to $51 from $39.
  • The Crypto exchange acquired by a company Bitstamp Brokers expect to see a boost in the value-added services they can offer.

Robinhood (HOOD), the largest beneficiary of regulatory tailwinds resulting from a potentially crypto-friendly U.S. Securities The following are some examples of how to get started: Exchange Commission (SEC) under a Donald Trump Brokerage services Bernstein Said in a report of research Wednesday.

The Broker raised its price target on the popular trading platform from $30 to $51 while maintaining its Outperform rating for the shares. The Early trading saw the stock rise by more than 2% to around $36.

Bernstein Note that Robinhood Has operated a “regulatory-constrained crypto business” Only 19 crypto tokens have been listed by the company to date. The CaliforniaThe company is based in. It has not made any revenue from staking or lending, derivatives, stablecoins, or derivatives.

“But under a potentially new pro-crypto SEC, this looks set to change, and we expect HOOD to be the biggest beneficiary of crypto regulatory tailwinds,” Analysts led by Gautam Chhugani wrote.

The The authors claim that a trading app can generate higher revenues by introducing new tokens as well as new crypto product lines in order to take advantage of the wider market.

Robinhood’s Acquisition of Bitstamp It is European Platform Should “further boost value added crypto services,” The authors noted that exchanges offer stablecoin access, staking and lending.

The Last week, trading platform added cardano (ADA), XRP (XRP), and solana (SOL) to its list of cryptocurrencies. Trump’s The U.S. Presidential election has been won and now offers trading for 19 cryptocurrencies American clients.

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Read more: Robinhood Adds SOL, PEPE ADA XRP Following Trump Victory

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John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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