Robinhood Set for Big Gains from Crypto Deregulation, Bernstein Reports

Bernstein highlighted Robinhood’s limited crypto offerings so far. The platform has listed only 19 tokens and avoided staking, lending, derivatives, or stablecoin-related revenue streams. However, analysts believe this could change under a pro-crypto SEC, particularly if led by a new administration.

“We see Robinhood as the biggest winner of regulatory changes favoring crypto,” wrote analyst Gautam Chhugani. This could mean a significant increase in the number of tokens listed by the company to expand its revenue streams along with new crypto services.

This should also strengthen its position after the recent acquisition of Robinhood from popular crypto exchange Bitstamp. According to Bernstein, the deal will finally allow the platform to offer advanced services. These include staking, lending, and access to stablecoins.

Following political changes last week in the U.S., Robinhood added four cryptocurrencies to its lineup. These are Solana (SOL), Pepe (PEPE), Cardano (ADA), and XRP (XRP). The platform now supports 19 cryptocurrencies for U.S. users.

Analysts believe that the combination of regulatory changes and strategic moves, like the one with Bitstamp, will enable Robinhood to capitalize on the evolving crypto market.