According to Bernstein's research report, Robinhood is expected to be the biggest beneficiary of cryptocurrency deregulation in the United States. With the possible emergence of a pro-cryptocurrency Securities Exchange Commission (SEC) policy, Robinhood's market potential is expected to increase significantly. Bernstein raised its price target for the trading platform from $30 to $51 and maintained its outperform rating on its stock. In addition, Robinhood recently acquired cryptocurrency exchange Bitstamp, which will enhance its ability to provide value-added crypto services.