Bernstein: Robinhood is expected to be the biggest beneficiary of the relaxation of cryptocurrency regulations in the United States

ChainCatcher news, according to Coindesk, based on Bernstein's research report, Robinhood is expected to be the biggest beneficiary of the potential relaxation of cryptocurrency regulations in the United States.

With the possible pro-cryptocurrency policies from the U.S. Securities and Exchange Commission (SEC), Robinhood's market potential is expected to increase significantly. Bernstein raised the target stock price for this trading platform from $30 to $51 and maintained an outperform rating on its stock.

In addition, Robinhood recently acquired the cryptocurrency exchange Bitstamp, which will enhance its ability to offer value-added crypto services.