Overview

• Robinhood launched tokenized versions of over 200 U.S. stocks and ETFs for European users with zero commission and 24-hour, five-day trading.
• The stock tokens are initially issued on Arbitrum’s Ethereum layer-2 network with plans to migrate them to Robinhood’s proprietary layer-2 blockchain.
• European customers gained access to crypto perpetual futures while U.S. users can now stake Ethereum and Solana within the app.
• Securing a Markets in Crypto Assets license enables Robinhood to expand its crypto services to more than 31 countries across the EU.
• The product rollout drove Robinhood’s share price to an all-time high as investors responded to its deepening crypto offerings.