Robinhood Launches Stock Tokens and Expands Crypto Suite in EU and US

• Robinhood launches Stock Tokens for EU customers allowing access to US equities.
• A new Layer 2 blockchain will aid in tokenizing real-world assets.
• Perpetual futures trading will soon be available to eligible EU users.
• Crypto staking has begun for US customers with Ethereum and Solana.
• Exciting new product suite enhances trading and investing experience.

Robinhood Expands US Stock Access to European Users

In a significant move, Robinhood has officially launched Stock Tokens in the EU, thus making it possible for European users to invest in the US stock market. With this new offering, eligible customers can now gain exposure to over 200 US stocks and ETFs through Robinhood Stock Tokens. Notably, these tokens come with zero commissions and added spreads, offering an attractive path for European investors looking to tap into the potential of American equities.

Introduction of Layer 2 Blockchain for Tokenization

But that’s not all; Robinhood has also unveiled a Layer 2 blockchain, designed to enhance the overall user experience beyond its cryptocurrency offerings. Currently, the stock tokens will be issued via Arbitrum, though the company has plans to transition operations to its proprietary Layer 2 blockchain. This initiative will optimize the trading of real-world assets on Robinhood’s platform, targeting seamless trading experiences along with features like self-custody and continuous trading availability.

Crypto Perpetual Futures Offering Adds New Trading Options

On the derivatives front, Robinhood has rolled out crypto perpetual futures in the EU, enabling customers the opportunity to engage with new types of trading derivatives that support up to 3x leverage. The trading interface aims to simplify the usually, uh, complex trading procedures associated with perpetual futures. This launch, scheduled to reach all eligible users by summer’s end, is a crucial leap for active traders who crave advanced trading tools in a more digestible format.

US Launches Crypto Staking for Ethereum and Solana

Shifting focus back to the US market, Robinhood has announced the arrival of crypto staking. US users can now stake Ethereum and Solana, getting competitive rewards while playing a part in the operational integrity of the networks. This offering has already made its way to eligible customers in Europe, but the excitement in the US is palpable as users can finally partake in the advantages of blockchain ecosystems more extensively.

Expanded Product Suite to Enhance User Experience

And there’s even more to this expanding suite of offerings! Robinhood launched a new Instant Boost on Crypto Deposits, alongside a rewards structure for its Gold Visa Credit Card, gearing up for an exciting launch in the fall. Customers can look forward to using cash back rewards from their purchases towards cryptocurrency investments, potentially, revolutionizing how they think of spending and investing in one’s portfolio. Not stopping there, advanced features like Smart Exchange Routing are also on the way, ensuring that users get the most competitive prices when trading on the platform. This is just a glimpse of more to come as Robinhood continues to expand its capabilities.

Overall, Robinhood is making impressive strides by introducing Stock Tokens and a new Layer 2 blockchain, while expanding its crypto suite for both EU and US users. The combined focus on innovative trading tools, staking opportunities, and enhanced customer rewards indicates a robust future for Robinhood’s platform. As it aims to democratize investment access and simplify trading, there’s a lot for investors to keep an eye on in the coming months.