Robinhood has introduced a new Layer 2 blockchain that opens up opportunities for tokenized stock trading in Europe. This innovation allows users to trade 24/7 without waiting for market openings.
Launch of Layer 2 Blockchain
Robinhood has launched a Layer 2 blockchain on Arbitrum, allowing users in Europe to trade over 200 US stocks and ETFs seamlessly. Users can exchange tokenized assets with zero commission, greatly simplifying the trading process. This move demonstrates the company's commitment to the tokenization of real assets.
Crypto Staking
In addition to stock trading, Robinhood is introducing staking for its European users, supporting Ethereum and Solana. Users can earn staking rewards, creating opportunities for passive income from cryptocurrencies. Perpetual futures with up to 3x leverage are also available, expanding opportunities for traders.
Expansion into the European Market
Europe has become a key focus for Robinhood. The company recently held the event 'Robinhood Presents: To Catch A Token' in France, showcasing its new tools. Robinhood's CEO, Vlad Tenev, noted that the implemented technologies lay the foundation for transforming the financial system. Robinhood aims to develop the financial super app concept, integrating stock and cryptocurrency trading.
The launch of the Layer 2 blockchain and new staking opportunities strengthen Robinhood's position in the European market. This represents a step forward in integrating cryptocurrencies and traditional finance, providing users with convenient and modern tools for asset management.
