According to Odaily Planet Daily, Bernstein stated in a report to clients that the current crypto bull market cycle is still in its early stages, and trading platforms such as Robinhood and Coinbase are expected to benefit from increased trading volume and mainstream market adoption. Bernstein reiterated its "outperform" rating for the two companies and remained confident in their performance. The report showed that Robinhood's second-quarter results announced on Wednesday were impressive, and it continued to expand its cryptocurrency products. Its trading volume soared to a six-month high in July, thanks to the recovery in market volatility and the influence of factors such as Circle's listing, which has led to growing investor interest in ETH, SOL, and DeFi tokens. Cryptocurrency trading volume is expected to rebound significantly in the second half of the year. In addition, the report mentioned that Coinbase has reached a strategic partnership with JPMorgan Chase, which has greatly promoted the popularization of digital assets. JPMorgan Chase's embrace of an industry once criticized by its CEO will accelerate Coinbase's customer acquisition. Bernstein believes that the current crypto bull market is still early, and recent developments have confirmed this view. At present, "no action is needed." (The Block)