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Robinhood’s stock (HOOD) surged 11% to a new all-time high after announcing a suite of innovative crypto and traditional finance products. The plans include a Layer 2 blockchain, tokenized stocks, perpetual futures, and staking services, signaling a deeper integration of crypto into its platform.
- Robinhood's stock surged 11% to $92, a new all-time high, after unveiling crypto and TradFi expansion plans.
- The firm will launch a Layer 2 blockchain on Arbitrum, offering tokenized stocks and 24/7 trading for European users.
- New products include perpetual futures (3x leverage) in Europe and US crypto staking for Ethereum and Solana.
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