Robinhood is intensifying its crypto strategy by allowing EU customers to trade U.S. stocks and ETFs through blockchain-based assets known as 'Robinhood Stock Tokens.' These tokens, which represent shares of over 200 companies, will incur no commission fees and provide dividend payments. Initially issued on Arbitrum, the firm plans to transition to its own layer 2 blockchain in the future, extending trading hours and positioning crypto as a crucial component of the financial system amidst a supportive regulatory environment in Washington.
On Monday, the company announced that it was letting customers in the European Union trade U.S. stocks and ETFs on a blockchain.
Robinhood plans to eventually move the tokenized stocks over to its own layer 2 chain that it described in its press release as being 'based on Arbitrum.'
Collection
[
|
...
]