Strategic Bitstamp Deal Increases Institutional Exposure, Says Bernstein

A recent note highlighted the diverse array of services exchanges provide, including staking, stablecoins, trading, custody, and prime broking. The acquisition of Bitstamp by Robinhood presents an opportunity for the platform to expand its offerings to a more institutional client base. Analysts at Bernstein have given Robinhood’s stock an outperform rating and set a price target of . As of early Friday trading, shares of Robinhood were hovering around , showing little change. This move could potentially position Robinhood as a major player in the crypto market, offering a wider range of products and services to its users.