Robinhood announced on the 30th (local time) in an official statement that "European users will be able to trade US stocks and ETFs in token form without commission, and trading will be faster and more efficient."
The service will be operated 24 hours a day, five days a week. The service will be provided through a new Layer 2 blockchain based on Arbitrum, and investors will be able to
Robinhood will provide access to over 200 tokenized U.S. stocks. Along with this stock tokenization service, Robinhood also launched perpetual futures products for EU users.
The product offers up to 3x leverage and will be traded through the recently acquired cryptocurrency exchange Bitstamp. Robinhood acquired Bitstamp in May last year for around $200 million.
The launch of the Layer 2 network is part of the expansion of the RWA strategy, and will include Bitcoin (BTC), Ripple (XRP) and Solana (SOL)-based mines.
This follows the recent launch of the micro futures contract product, which has emerged as a way to access the derivatives markets with smaller amounts of money.
Prior to this, Robinhood acquired Canadian cryptocurrency operator WonderFi for $179 million.
It has also expanded its presence in the North American market. It has also submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to institutionalize the RWA market. The proposal includes both off-chain and on-chain transactions.
The plan also includes the establishment of a “Real World Asset Exchange” that combines cryptocurrency settlement and payment.
2025/07/01 16:41 KST
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