Robinhood is creating a blockchain-based platform that can enable retail traders in Europe to commerce US securities, together with shares.
Bloomberg reported Wednesday that the initiative will seemingly be launched in partnership with a digital-asset agency. Each Arbitrum, a blockchain overlaid on Ethereum, and Solana have been into account for the collaboration, although discussions are nonetheless ongoing.
This transfer to supply tokenized US securities aligns with a broader pattern within the monetary business.
As world establishments discover blockchain’s potential, they see a possibility to chop prices tied to conventional buying and selling infrastructure whereas benefiting from larger transparency and standardization.
The corporate didn’t return Cryptonews’ request for remark by press time.
Whereas everybody's centered on Jerome Powell, Robinhood is evaluating whether or not to make use of Solana or Arbitrum because the spine of a brand new service that can let European retail traders commerce US shares.
The long-term outlook for crypto depends on crypto-specific fundamentals, not 25bps… pic.twitter.com/jj4VK68oXY— Matt Hougan (@Matt_Hougan) Could 7, 2025
Robinhood Seems to Increase EU Companies with Brokerage License in Lithuania
Robinhood, which at present solely provides cryptocurrency buying and selling to its European Union clients, just lately secured a brokerage license in Lithuania. It will enable the corporate to develop its providers inside the EU to incorporate inventory buying and selling.
As well as, Robinhood is within the technique of closing a deal to accumulate crypto trade Bitstamp, which might allow the corporate to supply crypto-linked derivatives beneath Bitstamp’s MiFID multilateral buying and selling facility license.
Regardless of Crypto Progress, Robinhood Goals to Broaden Income Sources
The corporate has loved robust monetary efficiency, with a 50% soar in income for the primary quarter of the yr. A giant chunk of this progress got here from its cryptocurrency enterprise, pushed by a surge in buying and selling volumes as traders sought to hedge towards market volatility. Because of this, the platform’s earnings greater than doubled, surpassing analysts’ expectations.
Regardless of its reliance on crypto for now, CEO Vlad Tenev mentioned that Robinhood is working to diversify its enterprise. The corporate plans to cut back its dependence on crypto transaction volumes over time.
“We’re centered on diversifying the enterprise outdoors of crypto,” Tenev defined through the earnings name. “It will make us much less reliant on crypto transaction volumes sooner or later.”
With its newest transfer, Robinhood goals to faucet into the rising curiosity in blockchain-based monetary merchandise. The corporate’s European growth, which is backed by Lithuania’s regulatory framework, may function an important stepping stone in its broader worldwide progress technique.
Nonetheless, the platform’s success will hinge on its capability to draw a considerable person base and navigate evolving market dynamics within the EU.
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