Latest news with #RobinhoodStockTokens
Yahoo
02-07-2025
- 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.
Yahoo
30-06-2025
- Business
- Yahoo
Robinhood plans to launch its own blockchain, offers ‘Stock Tokens' in EU
The online brokerage Robinhood is doubling down on its crypto ambitions. On Monday, the company announced that it was letting customers in the European Union trade U.S. stocks and ETFs on a blockchain. Dubbed Robinhood Stock Tokens, the assets—basically shares of popular companies in a crypto wrapper—will have zero commission fees, and holders will receive dividend payments within the brokerage's app. Customers will have access to stock tokens representing more than 200 different companies and be able to trade them 24 hours a day, five days a week. Vlad Tenev, Robinhood chairman and CEO, said during an event on Monday those tokens even include privately traded companies like OpenAI and SpaceX. The blockchain-based stocks will initially be issued on Arbitrum, a so-called layer 2 blockchain built on top of Ethereum. Robinhood plans to eventually move the tokenized stocks over to its own layer 2 chain that uses Arbitrum's software. Layer 2 chains are built atop primary blockchains like Ethereum, and are typically faster and more efficient to use. The user experience is designed to be as easy for non-crypto traders as possible, said Steven Goldfeder, cofounder and CEO of Offchain Labs, a key Arbitrum developer. 'For many European users that don't want to engage with crypto for whatever reason, they don't even have to know or care that it is crypto underneath,' he added. Robinhood didn't specify when it would launch its new blockchain, but it said the new chain plans to support trading 24 hours a day, seven days a week. 'Our latest offerings lay the groundwork for crypto to become the backbone of the global financial system,' Tenev said in a statement. The company's stock jumped 4% to a high of $91 after Robinhood publicized the announcement late Monday morning. Robinhood's tokenized stock offering and planned blockchain comes as part of a broader push by the firm to expand its crypto products offering under a newly friendly regulatory regime in Washington, D.C. After President Donald Trump, who's called himself a 'pro-crypto president,' won reelection in November, Robinhood reinstated many of the cryptocurrencies, including Solana and XRP, that it had delisted from its platform. It took down the digital assets from its app after the Securities and Exchange Commission alleged in 2023 lawsuits the tokens were unregistered securities. Once Trump assumed office in January, his administration issued a series of pro-crypto executive orders. The SEC also reconfigured its crypto enforcement arm as well as dropped a series of high-profile lawsuits and investigations against crypto companies, including a probe into Robinhood's crypto arm. In May, Robinhood made inroads into Canada when it acquired the Toronto-based WonderFi for nearly $180 million. The acquisition is expected to close in the second half of this year. And, in June, the publicly traded company based in Menlo Park, Calif., closed its $200 million acquisition of the crypto exchange Bitstamp after a year of regulatory review. As part of Monday's announcement, Robinhood also said it was letting its European users trade crypto perpetual futures, a type of crypto derivative that lets traders bet on the future price of a cryptocurrency. And the online trading app said it will let U.S. customers stake cryptocurrencies—when crypto holders put their digital assets in escrow to support the security of a blockchain. Users will first be able to stake Ethereum and Solana. Robinhood did not say which other tokens it planned to allow users to stake. Update, June 30, 2025: Added in how Robinhood's stock responded to the announcement, examples of tokenized stocks on offe, and a quote from Steven Goldfeder This story was originally featured on 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
Business Upturn
30-06-2025
- Business
- Business Upturn
Robinhood Launches Stock Tokens, Reveals Layer 2 Blockchain, and Expands Crypto Suite in EU and US with Perpetual Futures and Staking
Robinhood Stock Tokens will allow EU customers to get exposure to the US stock market Robinhood will also launch a new Layer 2 blockchain to power the tokenization of Real World Assets MENLO PARK, Calif., June 30, 2025 (GLOBE NEWSWIRE) — 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. 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. 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. 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. : 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. 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. 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. To learn more about today's announcements, visit . Disclosures: Terms apply. Eligibility and restrictions vary by region. US stock and ETF tokens and crypto perpetual futures trading involves significant risk and is not appropriate for all investors. Please carefully consider if investing in such financial instruments is appropriate for you based on your specific experience, risk tolerance, and financial situation. Restrictions and eligibility requirements apply. Staking is not available in every state. To Catch a Token is sponsored by Robinhood Europe, UAB ('RHEU'). RHEU (company code: 306377915) is authorized and regulated by the Bank of Lithuania ('BoL') as a financial brokerage firm and a crypto-asset service provider. RHEU's registered address is: Mėsinių 5, LT-01133 Vilnius, Lithuania; address for correspondence: Konstitucijos pr, 21A (QUADRUM East), LT-08130, Vilnius, Lithuania; website . Cryptocurrency services in the US are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto, LLC ('RHC') is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected. Robinhood Gold Visa® Credit Card is offered by Robinhood Credit, Inc. ('RCT'), and is issued by Coastal Community Bank, pursuant to a license from Visa U.S.A. Inc. RCT is a financial technology company, not a bank. Must have Robinhood Financial brokerage account to redeem crypto. See Robinhood Gold Card Rewards Program Rules for detail and other redemption options. Rewards Program Rules are subject to change. The Gold Card requires an annual Robinhood Gold subscription to apply and maintain the card and does not include a 30 day free trial. Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC ('RHG'). US Deposit boost is paid in cash into your self-directed individual brokerage account and applies to eligible net crypto deposits from an external address to your crypto account between June 24 and July 7, 2025. Any 2% bonus will be applied retroactively to your net eligible deposits once the combined net crypto deposits across the Robinhood Platform exceeds $500M during the promotion period. Potential bonus deductions will be pulled from your self-directed individual brokerage account. Bonus offered by Robinhood Crypto, LLC. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected. See terms and conditions . EU Bonus is paid in crypto and applies to eligible net crypto deposits from an external address to your account between 28 May to 7 July, 2025. Excludes deposits of USDC and EURC. Any 2% bonus will be applied retroactively to your eligible deposits once the combined net crypto deposits across the Robinhood Platform exceeds $500M during the promotion period. Dollar value of crypto deposits is determined by Robinhood in its reasonable discretion based on applicable market rates. You cannot trade or withdraw your bonus for 1 year. Other terms apply . All investments involve risk and loss of principal is possible. Robinhood Financial LLC ('RHF') (member SIPC), is a registered broker-dealer. Robinhood Cortex showcases a conceptual framework illustrating how Robinhood envisions the integration of traditional investing tools with Artificial Intelligence ('AI'). Currently, Robinhood Cortex is designed to incorporate AI but Trade Builder does not. There is no guarantee that AI will improve investing performance, mitigate risk, or reduce losses. RHEU, RHC, RCT, RHG and RHF are separate but affiliated entities and are wholly owned subsidiaries of Robinhood Markets, Inc. ('Robinhood'). About Robinhood Robinhood Markets, Inc. (NASDAQ: HOOD) transformed financial services by introducing commission-free stock trading and democratizing access to the markets for millions of investors. Today, Robinhood lets you trade stocks, options, futures (which includes options on futures, swaps, and event contracts), and crypto, invest for retirement, and earn with Robinhood Gold. Headquartered in Menlo Park, California, Robinhood puts customers in the driver's seat, delivering unprecedented value and products intentionally designed for a new generation of investors. Additional information about Robinhood can be found at A Cautionary Note Regarding Forward-Looking Statements This blog post includes forward-looking statements about Robinhood Markets, Inc. (together with its consolidated subsidiaries, 'Robinhood,' 'we,' or the 'Company'), including statements regarding our planned product launches and developments, including our Layer 2 blockchain, tokenized stocks and ETFs, crypto perpetual futures and staking, Cortex, and other upcoming features. These statements are based on current assumptions and subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks include, but are not limited to, regulatory developments, market demand, legal challenges, technological changes, and economic conditions. Our forward-looking statements are subject to a number of known and unknown risks, uncertainties, assumptions, and other factors that may cause our actual future results, performance, or achievements to differ materially from any future results expressed or implied in this blog post. Because some of these risks and uncertainties cannot be predicted or quantified and some are beyond our control, you should not rely on our forward-looking statements as predictions of future events. More information about potential risks and uncertainties that could affect our business and financial results can be found in the 'Risk Factors' section in Part I, Item 1A of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, and in other filings with the U.S. Securities and Exchange Commission at . Except as otherwise noted, all forward-looking statements in this blog post are made as of the date of this blog post, June 30, 2025, and are based on information and estimates available to us at this time. Except as required by law, we assume no obligation to update any of the statements in this blog post whether as a result of any new information, future events, changed circumstances, or otherwise. You should read this blog post with the understanding that our actual future results, performance, events, and circumstances might be materially different from what we expect. © 2025 Robinhood Contacts Investor Relations [email protected] Media [email protected] Photos accompanying this announcement are available at: Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
