Market News

Crypto Revolution: Robinhood's Bold Step into the Future with Layer-2 Expansion

Robinhood is making significant strides in the crypto space, with its stock soaring 10% to reach new all-time highs.

The trading giant announced a major expansion, launching US stock and ETF tokens in the European market.

These tokens will be issued on the Arbitrum layer-2 blockchain, with plans to develop a proprietary layer-2 solution.

Robinhood's aim is to simplify crypto access for the masses, as stated by Johann Kerbra, their GM and SVP of Crypto.

Additionally, the platform is introducing perpetual crypto futures and crypto staking in the EU and the US markets.

CEO Vlad Tenev emphasized that these innovations could position crypto as a critical component of the global financial system.

Last week, Robinhood also rolled out micro-futures for Bitcoin and other leading cryptocurrencies.

Tenev envisions a future where Robinhood leads in both crypto and AI, integrating these technologies into financial services.

The recent acquisition of Pluto, an AI investment research platform, illustrates Robinhood’s commitment to this vision.

As the company continues to innovate, its efforts may significantly reshape the landscape of retail trading in both crypto and traditional markets.