Robinhood Positioned As Top 'Crypto Deregulation' Trade, Says Bernstein
Robinhood Positioned As Top 'Crypto Deregulation' Trade, Says Bernstein
"HOOD's crypto revenues for 2025E have been increased by 20%, driven by new token listings and expanded product offerings," the report states.Robinhood Markets Inc. (NASDAQ:HOOD) has been identified as the leading beneficiary of potential regulatory shifts in the cryptocurrency sector, according to a Bernstein report.
根據Bernstein的報告，Robinhood Markets Inc.（納斯達克：HOOD）被認爲是數字貨幣板塊潛在監管變動的主要受益者。
What Happened: The research firm highlighted the brokerage platform as the "Top 'Crypto Deregulation' Trade," increasing its price target to $51, up from $30, reflecting a 46% upside.
發生了什麼：研究公司將該券商平台稱爲「頂級『數字貨幣放鬆監管』交易」，將其目標價上調至51美元，高於30美元，反映出46%的上漲空間。
In a note issued on Wednesday, Bernstein attributes Robinhood's potential for significant growth to a combination of regulatory changes and a diversified product pipeline.
在週三發佈的一份報告中，Bernstein將Robinhood的潛在顯著增長歸因於監管變化和多元化產品管道的結合。
"HOOD's crypto revenues for 2025E have been increased by 20%, driven by new token listings and expanded product offerings," the report states.
報告指出：「HOOD在2025年的數字貨幣收入已增加20%，這一增長得益於新代幣上市和擴展的產品供應。」
The company's conservative approach to token listings under current SEC constraints is expected to evolve under a pro-crypto regulatory environment, enabling Robinhood to list more digital assets and introduce services like staking, lending and stablecoins.
在當前SEC限制下，公司對代幣上市的保守態度預計將在親數字貨幣的監管環境下發生變化，使Robinhood能夠上市更多數字資產並推出諸如質押、借貸和穩定幣等服務。
Robinhood's share price has surged by approximately 170% year-to-date, and its increasing market share in crypto trading is projected to drive profitability.
Robinhood的股價今年迄今已經上漲了大約170%，且在數字貨幣交易中日益增長的市場份額預計將推動盈利。
By 2025, the company is expected to achieve earnings exceeding $1.3 billion, supported by operating leverage from its largely fixed cost structure.
到2025年，公司預計將實現超過13億美元的收益，得益於其大部分固定成本結構所帶來的運營槓桿。
Also Read: Coinbase CEO Brian Armstrong Backs DOGE Initiative: How Blockchain Could Transform Government Efficiency
另請閱讀：Coinbase首席執行官Brian Armstrong支持DOGE倡議：區塊鏈如何轉變政府效率。
Why It Matters: The report highlights Robinhood's cautious but promising entry into new markets.
此報告強調了羅賓漢謹慎但前景看好的市場拓展。
Currently listing 19 tokens on its U.S. platform, Robinhood lags behind rivals like Coinbase Inc. (NASDAQ:COIN), which lists over 250 tokens.
目前在其美國平台上列出19種代幣的羅賓漢落後於競爭對手，如Coinbase Inc.（納斯達克：COIN），該平台列出超過250種代幣。
However, Bernstein expects the brokerage to narrow this gap as the regulatory environment becomes more crypto-friendly. The company recently added tokens like Solana (CRYPTO: SOL), Cardano (CRYPTO: ADA), Ripple (CRYPTO: XRP) and PEPE (CRYPTO: PEPE), signaling its readiness to capitalize on emerging opportunities.
然而，Bernstein預計隨着監管環境變得更加支持數字貨幣，券商會縮小這一差距。該公司最近添加了如solana（數字貨幣：SOL）、艾達幣（數字貨幣：ADA）、瑞波幣（數字貨幣：XRP）和PEPE（數字貨幣：PEPE）等代幣，表明其有意抓住新興機遇。
"Robinhood is set to introduce a broader suite of crypto products, including value-added services like staking and stablecoins," the report highlights, adding that the firm's acquisition of Bitstamp and its EU crypto platform further solidify its position in the evolving market.
報告強調，"羅賓漢準備推出更廣泛的數字貨幣產品，包括增值服務，如質押和穩定幣，"並指出該公司收購Bitstamp及其歐盟數字貨幣平台進一步鞏固了其在不斷髮展的市場中的地位。
Robinhood has demonstrated strong financial metrics in 2024, with assets under custody (AUC) growing over 50% year-to-date to $160 billion and a 51% month-over-month increase in crypto trading volumes for October.
羅賓漢在2024年展現出強勁的財務指標，保管資產（AUC）年初至今增長超過50%，達到1600億，10月份的數字貨幣交易成交量環比增長51%。
Bernstein anticipates that Robinhood's crypto revenues will grow to represent 38% of its total revenues by 2025, a significant leap from 7% in 2023.
Bernstein預計到2025年，羅賓漢的數字貨幣收入將佔其總收入的38%，比2023年的7%有顯著躍升。
"We expect Robinhood to benefit disproportionately from crypto regulatory tailwinds, with 2025 marking an inflection point for earnings growth and market positioning," the report further states.
報告進一步指出，"我們預計羅賓漢將從數字貨幣監管利好中不成比例地受益，2025年將是收益增長和市場定位的拐點。"
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譯文內容由第三人軟體翻譯。
