30s Summary

Robinhood could benefit the most if U.S. relaxes crypto regulations, according to Bernstein. Its price target for Robinhood has been raised from $30 to $51, expecting improved crypto services following its Bitstamp acquisition. The platform, currently limited to 19 crypto tokens due to regulatory restrictions, isn’t earning from staking, lending, derivatives, or stablecoins. Regulatory changes under a potential new Trump administration could increase Robinhood’s revenue through additional tokens and new crypto products. Bitstamp’s acquisition could expand its crypto services to include staking, stablecoins access, and lending.

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Robinhood is projected to gain the most if the U.S. relaxes crypto regulations, according to a report. Bernstein has bumped up its price target for the trading app from $30 to $51. The trading platform is also expected to provide improved crypto services following its takeover of crypto exchange Bitstamp.

Bernstein noted that Robinhood has been restricted by regulations and has only 19 cryptocurrency tokens listed so far. The platform doesn’t make any revenue from staking, lending, derivatives or stablecoins. But they believe this could change if the SEC becomes more supportive of crypto under a potential new Trump administration, and Robinhood would most likely be the main beneficiary of these regulatory changes.

The report suggests that Robinhood could generate higher revenues by adding more tokens and introducing new crypto products. The acquisition of Bitstamp and its European platform would further enhance the crypto services Robinhood can offer, allowing it to provide staking, access to stablecoins, and lending.

Last week, Robinhood added Solana, Pepe, Cardano, and XRP to its trading platform following Trump’s U.S. presidential election win. The app now offers 19 cryptocurrencies for trading to U.S. customers.