Exchanges offer a wide range of services such as staking, stablecoins, trading, custody and prime broking, the note said. The acquisition of Bitstamp potentially allows Robinhood to offer a wider range of crypto products to a more institutional client base. Bernstein has an outperform rating on Robinhood stock with a $30 price target. The shares were little changed in early trading on Friday at around $23.
Related posts
-
Tether (USDT) Enters Oil Trade Finance by Financing $45M Middle Eastern Commodity Deal
“This transaction marks the beginning, as we look to support a broader range of commodities and... -
Trump’s Crypto Aide: U.S. Should Act Quickly to Incorporate a Strategic Bitcoin Reserve
With Trump’s crypto allegiance and his new status as President-Elect of the U.S., talks of establishing... -
Trump’s Victory Brings Musk’s Department of Government Efficiency (D.O.G.E) Plans Closer to Reality, D.O.G.E Memecoin Doubles
“There is going to be a media frenzy about Elon and D.O.G.E,” well-known trader ‘unipcs,’ told...