Latest news with #JohannKerbrat
Yahoo
9 hours ago
- Business
- Yahoo
Robinhood Markets (HOOD) Soars 12.77% on Europe Token Launch
We recently published . Robinhood Markets, Inc. (NASDAQ:HOOD) is one of last week's top performers. Robinhood Markets surged by 12.77 percent on Monday to finish at $93.63 apiece as investors cheered the launch of tokens that will allow its European customers to invest in the US stock market. In a statement, Robinhood Markets, Inc. (NASDAQ:HOOD) said that its Robinhood Stock Tokens are now available to customers within the European Union, giving exposure to more than 200 US stocks and ETF tokens. The tokens feature zero commissions, dividend support, and 24/5 access. Stock token holders will also receive dividend payments directly in their app. 'Crypto was built by engineers for engineers, and has not been accessible to most people,' said Johann Kerbrat, General Manager and SVP for Robinhood Crypto. 'We're onboarding the world to crypto by making it as easy to use as possible—with the goal of bringing powerful tools into one intuitive platform.' According to Robinhood Markets, Inc. (NASDAQ:HOOD), stock tokens will initially be issued on Arbitrum. In the future, tokenized stocks will be facilitated by the company's own Robinhood Layer 2 blockchain, based on Arbitrum. A successful business person confidently managing their finances on a mobile device. Currently in development, the Robinhood blockchain will be optimized for tokenized real-world assets and built to support 24/7 trading, seamless bridging, and self-custody. While we acknowledge the potential of HOOD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
CNBC
a day ago
- Business
- CNBC
Circle stock climbs after stablecoin issuer applies for a national bank charter: CNBC Crypto World
On today's episode of CNBC Crypto World, bitcoin falls to the $105,000 level to kick off the month of July. Plus, Robinhood CEO Vlad Tenev and Robinhood Crypto GM Johann Kerbrat discuss the retail trading platform's new crypto offerings. And, Dante Disparte, Circle's chief strategy officer, explains how the stablecoin issuer is moving forward on its mission to bring the tokens into the TradFi world.
Miami Herald
a day ago
- Business
- Miami Herald
Analysts reboot Robinhood stock price target after crypto event
In Cannes, they like to say "qui li ven li vieù"--"Whoever goes there, lives there." The people at Robinhood Markets (HOOD) were sure feeling at home at the resort town on the French Riviera, site of the famous international film festival. Don't miss the move: Subscribe to TheStreet's free daily newsletter The Menlo Park, California-based financial services company made a series of announcements at its "To Catch a Token" event on June 30. "Our latest offerings lay the groundwork for crypto to become the backbone of the global financial system," Robinhood Chairman and CEO Vlad Tenev said in a statement. Among other things, Robinhood unveiled the launch of more than 200 tokenized U.S. stocks and exchange-traded funds (ETFs) to its customers in the European Union. Tokenization of stocks refers to the process of digitally representing stocks as tradable tokens on a blockchain in order to offer fractional ownership of those stocks to potential investors. "With tokenized stocks, our European app transitions from being a crypto-only app to an all-in-one investment app powered by crypto," Robinhood said. The exchange also announced the launch of crypto perpetual futures, offering up to 3x leverage to eligible EU customers. TechCrunch,CC-BY-2.0 via Wikimedia Commons Perpetual-style futures are like standard futures derivatives except that they don't expire at a certain fixed date. Robinhood will also provide crypto staking to U.S. customers, beginning with Ethereum and Solana. More Tech Stocks: Amazon tries to make AI great again (or maybe for the first time)Veteran portfolio manager raises eyebrows with latest Meta Platforms moveGoogle plans major AI shift after Meta's surprising $14 billion move Crypto staking involves locking up cryptocurrency holdings to participate in Proof-of-Stake (PoS) blockchains and earn rewards. Robinhood launched cryptocurrency trading in February 2018 and it has become a large part of the company's makeup, with crypto revenue accounting for over 43% of its transaction revenue in the first quarter. "Crypto was built by engineers for engineers, and has not been accessible to most people," said Johann Kerbrat, general manager and senior vice president of Robinhood Crypto. "We're onboarding the world to crypto by making it as easy to use as possible-with the goal of bringing powerful tools into one intuitive platform." Cryptocurrency adoption has surged in 2025, driven by both institutional and grassroots participation across diverse economies, according to the Global Crypto Adoption Report. "While high-income countries focus on regulatory frameworks and investment products, lower- and middle-income nations lead in real-world crypto use for remittances, inflation hedging, and payments," the study said. Global crypto users projected to surpass 950 million by year-end, the report said. Robinhood's stock reached an all-time high on the day of the event. The company's shares are up 154% since January and the stock has skyrocketed an eye-popping 315% from a year ago. Investment firms issued research reports following Robinhood's crypto event. KeyBanc raised the firm's price target on Robinhood to $110 from $60 and kept an overweight rating on the shares. Robinhood showcased continued product velocity and increased product breadth/depth at its first ever crypto user event, the firm said. Related: Robinhood analysts reboot stock price targets after May metrics Most notable from the event, KeyBanc said, was the introduction of tokenized U.S. equities for Robinhood users in the EU and expanded crypto trading coverage from a geographic standpoint and from a product standpoint. These announcements, along with others from the event, not only reinforce first-rate innovation, but TAM expansion for the company, KeyBanc said. Barclays analyst Benjamin Budish said the U.S. stock tokens for EU customers was "interesting" as this allows Robinhood to immediately roll out U.S. stock trading across the European Economic Area, an agreement that extends the EU's single market to some countries that are not EU members. While many of these offerings were generally expected, what stood out to Budish was Robinhood's relentless focus on the user experience, product velocity, and low cost, which, he said, were very much on display. Barclays has an overweight rating and $57 price target on the stock. Bank of America Securities raised the firm's price target on Robinhood to $95 from $65 and kept a buy rating on the shares. The firm increased earnings estimates through 2027 as well as the stock's multiple to 40-times from 30-times. The higher earnings estimates, forward growth forecast and multiple are driven by an improved regulatory outlook for digital assets, the firm said. BofA said there are separate pieces of stablecoin legislation in each house of Congress, and the passage of a unified bill is likely to occur within weeks. The firm said that it is now more optimistic on the near-term regulatory outlook, which BofA believes will help broaden investor participation in digital assets and support engagement among existing traders. Related: Fund-management veteran skips emotion in investment strategy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Finextra
a day ago
- Business
- Finextra
Robinhood bets big on stock tokens and blockchain
Today, at Robinhood Presents: To Catch a Token in Cannes, France, we unveiled a suite of new products that mark a major step forward for crypto. 0 From expanding Robinhood to over 400 million people across 30 EU and EEA countries, to launching stock and ETF tokens, we're building toward a future where investing is simpler, smarter, and more accessible worldwide. 'Our latest offerings lay the groundwork for crypto to become the backbone of the global financial system,' said Robinhood Chairman and CEO Vlad Tenev. Tokenization and Layer 2 Blockchain We've launched US stock and ETF tokens in the EU, giving eligible customers exposure to US equities with Robinhood Stock Tokens—featuring zero commissions or added spreads from Robinhood (other fees may apply), dividend support, and 24/5 access. With tokenized stocks, our European app transitions from being a crypto-only app to an all-in-one investment app powered by crypto. European customers will have access to 200+ US stock and ETF tokens. Stock token holders will also receive dividend payments directly in their app. 'Crypto was built by engineers for engineers, and has not been accessible to most people,' said Johann Kerbrat, GM and SVP of Robinhood Crypto. 'We're onboarding the world to crypto by making it as easy to use as possible—with the goal of bringing powerful tools into one intuitive platform.' Stock tokens will initially be issued on Arbitrum. In the future, tokenized stocks will be facilitated by our very own Robinhood Layer 2 blockchain, based on Arbitrum. Currently in development, the Robinhood blockchain will be optimized for tokenized real-world assets and built to support 24/7 trading, seamless bridging, and self-custody. Perpetual Futures We are introducing crypto perpetual futures in the EU, where we will offer eligible customers access to a new class of derivatives with continuous exposure and up to 3x leverage. Perpetuals will be 100% rolled out to eligible customers by the end of the summer. Designed to help reduce the complexity typically associated with trading perpetuals, we built our interface with intuitive controls for setting position size and managing margin. Orders are routed through Bitstamp's perpetual futures exchange. This launch will mark an important step in serving active traders across the globe with advanced trading tools in an intuitive platform. Crypto Staking in the US Crypto staking is launching to eligible US customers, starting with Ethereum and Solana. With our user-friendly interface, you can now participate in blockchain ecosystems and access competitive reward rates by contributing to network operations. Crypto staking is also available to all Robinhood customers in the EU and EEA. Expanded Product Suite There's more—we've rolled out a suite of new products to make trading crypto on Robinhood even more powerful and seamless. Instant Boost on Crypto Deposits: For a limited time, U and EU investors can transfer crypto into Robinhood and earn a 1% deposit boost—with the chance to double it to 2% if total deposits hit the $500M goal. Crypto Credit Card Rewards: The Robinhood Gold Credit Card gives US customers cash back on purchases—across all categories. Coming this fall, customers can use those rewards to purchase crypto automatically. Cortex for Crypto: Our US feature, Cortex, an AI-powered investing assistant, will be available later this year. Robinhood Gold members can see curated insights, trends, and event-driven market analysis right inside each token's detail page. It's designed to help customers quickly understand price movement and market shifts in real time. Smart Exchange Routing: Smart exchange routing evaluates multiple partner exchanges and routes your order to get the best available price across them. Soon, all orders placed through Smart Exchange Routing will qualify for fee tiers, meaning the more you trade, the lower your rate— based on your trailing 30-day trading volume. API support is coming soon. Tax Lots: US customers can also now view and sell specific tax lots for crypto trades, allowing you to strategically choose which lots to sell. Advanced Charts: Advanced charts from Robinhood Legend are coming to mobile, starting with equities and expanding to crypto in August.
Yahoo
a day ago
- Business
- Yahoo
Robinhood Stock Sets Latest All-Time High on New Crypto Offerings
Robinhood Markets shares traded at a record again after announcing a range of new cryptocurrency products. The online trading platform is launching U.S. stock and ETF tokens and perpetual futures in Europe, and U.S. customers can take part in crypto stalking. Co-founder and CEO Vlad Tenev said Robinhood was laying the groundwork for crypto to be the "backbone" of the world's financial Markets (HOOD) shares traded at an all-time high for a second straight session Tuesday following news the online trading platform launched what it called "a suite of new products that mark a major step forward for crypto." The company said it was offering U.S. stock and exchange-traded fund (ETF) tokens, as well as perpetual futures, in the European Union (EU). In addition, Robinhood will provide crypto staking to U.S. customers, beginning with Ethereum and Solana. The firm is also adding a range of other tools "to make trading crypto on Robinhood even more powerful and seamless." Johann Kerbrat, general manager and senior vice president of Robinhood Crypto, explained that the cryptocurrency econsystem was built by engineers for engineers, and hasn't been accessible to most people. Kerbrat said the company was now "onboarding the world to crypto by making it as easy to use as possible—with the goal of bringing powerful tools into one intuitive platform." Co-founder and CEO Vlad Tenev said Robinhood's new offerings "lay the groundwork for crypto to become the backbone of the global financial system."Shares of Robinhood Markets jumped a further 5% Monday morning to about $98 after touching a record $99.06 soon after markets opened. They are up more than 160% in 2025. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
