Robinhood Markets Inc. (NASDAQ:HOOD) could see substantial upside as tokenization, prediction markets and blockchain infrastructure become increasingly important growth drivers beyond crypto trading.
HOOD’s Evolving Strategy
In a Bernstein research report, analysts led by Gautam Chhugani highlighted that Robinhood’s crypto strategy is evolving from a trading-focused business into a broader tokenization and financial infrastructure platform.
The firm identified Robinhood Chain, tokenized equities, Bitstamp and Robinhood Earn as the company’s next major crypto growth drivers.
Robinhood Chain has generated more than $12 billion in decentralized exchange volume and processed over 150 million transactions since its launch. Meanwhile, Robinhood Earn has attracted more than $200 million in deposits.
