TechFlow news — On November 20, according to CoinDesk, Bernstein's research report indicates that Robinhood is poised to be the biggest beneficiary of a potential easing of U.S. cryptocurrency regulations.
With the possibility of a crypto-friendly U.S. Securities and Exchange Commission (SEC) policy, Robinhood's market potential is expected to rise significantly. Bernstein raised its price target for the trading platform from $30 to $51 and maintained its "outperform" rating on the stock.
In addition, Robinhood recently acquired cryptocurrency exchange Bitstamp, which will enhance its ability to offer value-added crypto services.
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