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- The fashionable retail concern app gets the bulk of its transaction revenues from trades extracurricular of crypto.
- That volition beryllium flipped this year, wrote Bernstein analysts.
Robinhood’s bonanza net study past week encouraged Bernstein analysts to astir treble their terms prediction for the retail-focused trading platform, to $105 a share.
Now, Bernstein is predicting the retail-focused trading platform’s crypto gross volition detonate this twelvemonth and the next.
“We expect the crypto bull rhythm to present widen into 2026,” Bernstein wrote, helped by stablecoins and tokenised securities.
Bernstein points retired that non-crypto trading — equities, options, and the similar — accounted for 60% of full transaction gross astatine the company, with crypto transactions making up the remaining 40%.
Bernstein predicts those numbers volition flip this twelvemonth and next, and that crypto trading measurement connected the level volition triple by 2026 compared to past year.
The probe steadfast besides sees Robinhood’s broader offerings derisking the institution from crypto’s utmost volatility.
Bernstein analysts echo those astatine Morgan Stanley, who successful January said a much favourable US regulatory authorities volition empower Robinhood to “participate much aggressively” and further unlock crypto revenues.
“We privation to beryllium benignant of the on-ramp to the crypto world,” Johann Kerbrat, the wide manager of Robinhood’s crypto arm, told DL News successful December.
Andrew Flanagan is simply a Markets Correspondent for DL News. Got a tip? Reach retired to [email protected].
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