Ethereum (ETH) Jumps as Robinhood Builds New Blockchain Using Arbitrum Technology
- On June 30, 2025, Robinhood announced at an event in Cannes, France, it is developing a Layer-2 blockchain using Arbitrum's rollup infrastructure.
- This announcement follows Robinhood's June acquisition of Bitstamp for $200 million and a broader push to expand crypto offerings under a friendlier regulatory environment.
- Robinhood unveiled new products including EU crypto perpetual futures with up to 3x leverage, U.S. staking services for Ethereum and Solana, and over 200 US stock tokens for EU customers.
- Ether rose 3.5% to $2,519 supported by $429 million in weekly inflows into ether funds, while CEO Vlad Tenev stated their offerings lay groundwork for crypto as the global financial backbone.
- Robinhood’s Layer-2 blockchain plans aim to enable 24/7 token trading and broader decentralized finance adoption, signaling confidence in Ethereum’s scalability and future growth.
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Total News Sources29
Leaning Left2Leaning Right0Center5Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
L 29%
C 71%
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