Robinhood has announced a broad expansion of its cryptocurrency offerings targeting both European and US markets. CEO Vlad Tenev unveiled a series of new financial products and blockchain initiatives at an event in Cannes, France. Key offerings include tokenized US stock and ETF tokens accessible to European customers via the Ethereum layer-2 (L2) scaling solution Arbitrum. These tokens offer zero commission from Robinhood and 24/7 access with dividend payments distributed directly within the app.
Robinhood is also developing its own Ethereum-compatible L2 blockchain designed to optimize trading of tokenized real-world assets with features like seamless bridging, self-custody, and round-the-clock trading support. Additionally, the firm rolled out crypto perpetual futures with up to 3x leverage for eligible European users, with orders routed through its recently acquired crypto exchange, Bitstamp.
In the US, Robinhood has introduced crypto staking for Ethereum (ETH) and Solana (SOL), building on its prior regional availability in EU and EEA countries. The platform is incentivizing deposits by offering up to a 2% deposit boost for new crypto inflows. Robinhood’s recent strategic acquisitions include Bitstamp for $200 million and Canadian crypto platform WonderFi for $179 million, strengthening its global crypto foothold.
Complementing these expansions, Robinhood is preparing other services such as an AI-driven investing assistant called Cortex and a crypto credit card offering cashback. The company aims to simplify crypto investing by removing intermediaries and high fees traditionally faced by European investors accessing US assets. With a growing license portfolio, Robinhood is positioning its app as an all-in-one, crypto-powered investment platform.