Robinhood Expands Crypto Offerings with New Blockchain and Tokenized Stocks
Robinhood (HOOD) is expanding its crypto offerings with several new initiatives:
- Launching a stock token offering on the Ethereum layer-2 Arbitrum for European users, providing access to over 200 U.S. equities and ETFs with round-the-clock trading.
- Building its own layer-2 blockchain network optimized for tokenized assets, aimed at supporting 24/7 trading and cross-chain bridging.
- Rolling out perpetual futures for European users through Bitstamp, alongside introducing crypto staking for U.S. investors, starting with Ethereum and Solana.
- Adding crypto rewards to its credit card, enabling automatic cashback investment in digital assets.
The global tokenized asset market is projected to reach $18.9 trillion by 2033. Competitors like Bybit, Kraken, and Gemini are also entering the tokenized stocks space.