Robinhood Revolutionizes Trading with 24/5 Tokenized Stocks in EU

Robinhood has launched tokenized stocks in the EU, allowing customers to trade over 200 U.S. stocks and ETFs. This new venture is a partnership with blockchain firm Arbitrum and it significantly enhances trading options. The move is expected to impact the securities investing landscape by blending traditional finance with cryptographic flexibility.

In a groundbreaking move, Robinhood announced on Monday its launch of tokens that will enable European Union customers to trade more than 200 U.S. stocks and ETFs, including giants like Nvidia, Apple, and Microsoft.

Following this announcement, Robinhood's shares climbed 5.5%, hitting record highs. The commission-free tokens can be traded 24/5 and are issued through a partnership with the blockchain firm Arbitrum. By offering tokenized equities, Robinhood taps into the soaring global interest in the U.S. stock market, particularly among tech giants benefiting from the AI boom.

Tokenized equities blend traditional finance with crypto-like trading benefits, offering enhanced access, flexible hours, and reduced costs for international investors. With plans to develop its own blockchain, Robinhood aims to eventually offer 24/7 trading. The company also unveiled new offerings like crypto perpetual futures and staking, further broadening its crypto tools portfolio.

(With inputs from agencies.)