Robinhood Launches Tokens Allowing EU Users to Trade in US Stocks
- On Monday, Robinhood launched tokenized U.S. stocks and ETFs trading for EU customers, offering over 200 equities with 24/5 access.
- This expansion marks Robinhood's significant international push to integrate conventional financial products with blockchain technology, supported by new European licenses and coinciding with the Ethereum Community Conference.
- Robinhood has rolled out cryptocurrency staking for U.S. users, launched futures contracts with up to 3x leverage for eligible traders in Europe, and is developing a Layer 2 blockchain designed to facilitate trading and settlement of tokenized assets.
- Shares rose over 100% this year and jumped 6.6% on Monday after the announcement, with CEO Vlad Tenev stating the offerings lay groundwork for crypto as a financial system backbone.
- These initiatives set Robinhood on a path to broaden global market participation through tokenization, targeting continuous trading and a large selection of stock tokens before the year concludes amid rising interest in asset tokenization.
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Robinhood Revolutionizes EU Trading with Tokenized U.S. Stocks
Robinhood launches tokenized U.S. stocks in the EU, enabling trading of over 200 stocks and ETFs, including tech giants like Nvidia, Apple, and Microsoft. These commission-free tokens will trade 24/5 via blockchain partner Arbitrum. CEO Vlad Tenev highlights tokenization's potential to transform securities investing.
·India
Read Full ArticleRobinhood launches tokens allowing EU users to trade in US stocks
Robinhood said on Monday it has launched tokens that will allow its customers in the European Union to trade more than 200 U.S. stocks and exchange-traded funds, including Nvidia, Apple and Microsoft.The commission-free tokens can be traded around-the-clock, five days a week. Robinhood also plans to offer tok
·Singapore
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