Robinhood has announced new services for its European users, including the ability to trade tokenized stocks and crypto derivatives.
Tokenized Stocks and ETFs Trading
Robinhood now allows its European users to trade U.S.-listed stocks and ETFs as tokens on the Arbitrum blockchain. This initiative aims to reduce trading costs, providing users with more accessible access to international assets.
Crypto Derivatives and New Features
Soon, Robinhood users will be able to trade crypto perpetual futures with up to 3x leverage. The platform also plans to introduce credit cards with cryptocurrency rewards and tax planning tools for digital assets, enabling users to manage their investments more efficiently.
Robinhood's Expansion in Europe and the U.S.
After obtaining a MiCA license, Robinhood can serve customers in over 30 European countries, strengthening its position in the market alongside other major players like Coinbase. Users will also be able to store tokenized stocks and ETFs in their wallets, gaining complete control over their investments.
Robinhood's expansion of services in Europe and the U.S. underscores the company's commitment to enhancing access to investment opportunities and simplifying the trading process for users.
