Robinhood has announced the development of a blockchain platform that will allow European retail investors to trade U.S. securities, and is also exploring the acquisition of crypto exchange Bitstamp.
Strategic Expansion into Europe
Robinhood has obtained a brokerage license in Lithuania, providing access to the European Union markets. This allows Robinhood to operate in the region under regulated conditions. The company is also in talks to acquire Bitstamp, aiming to gain access to a crypto derivatives trading license.
Asset Trading and New Opportunities
The idea of using blockchain for trading traditional assets is becoming increasingly feasible as regulatory clarity improves and infrastructure matures. Robinhood plans to leverage networks like Arbitrum and Solana to expedite and reduce the cost of trade settlements.
About Robinhood
Recently, Robinhood expanded its cryptocurrency offerings by adding support for assets such as Bitcoin, Ethereum, and other popular cryptocurrencies. The platform also includes several altcoins and meme coins, broadening its trading options.
Robinhood's expansion into Europe and the development of its blockchain platform could attract new users and create a connection between traditional and digital markets on a single platform.
