The online brokerage Robinhood is increasing over its crypto expectations. On Monday, the company announced that it was allowing customers in the European Union and ETFS business park on blockchain. Robinhood shares, property – shares of a popular company in the crypto column – there will be a zero commission fee, and the owners will receive dividend payments within the brokerage program.
Customers will receive stock marks representing more than 200 different companies and being able to sell them 24 hours a day, five days a week. Vlad Tenev, chairman of Robinhood and CEO, said during Monday's ceremony the signs even include privately sold companies such as Openai and Spacex. The Blockchain Basic Store will previously be delivered to mediation, the so -called 2 blocks blockchain built on the Ethereum.
Robinhood plans to finally transfer signal stock to its own 2nd column that uses the Arluji software. The 2 column chains are built atop Blockchains based like Ethereum, and are usually faster and better to use.
The user's experience is designed to be as easy for non -crypto traders as possible, said Steven Goldfeder, Cofounder and the CEO of Offchain Labs, a key arbitration developer. “For many European users who do not want to engage in crypto for any reason, they should not even know or care that they are low,” he added.
Robinhood did not specify when it would launch its new blockchain, but it said a new chain of plans to help business 24 hours a day, seven days a week. “Our latest offerings lay the groundwork for crypto into the backbone of the world's financial system,” Tenev said in a statement.
The company's reserve jumped 4% to $ 91 after Robinhood announced the announcement at the end of Monday morning.
Crypto expansion
Robinhood's stock versions of the planned blockchain come as part of a broad push and company expanding its crypto products offered under the new legal government in Washington, DC
After President Donald Trump, who called himself “Pro-Crypto President,” won again in November, Robinhood returned a lot of money, including Solana And XRP, that had removed it from its platform. It took the digital asset from its program after the security and sale commission alleged in the case of prosecution 2023 The signs were unregistered securities.
As soon as Trump took office in January, his administration issued a layer of pro-crypto executive orders. The SEC also modified its crypto implementation hand as well as dropped a layer of high cases and investigations against crypto companies, as well as a Case Inside the Robinhood's hand.
In May, Robinhood entered Canada when it got the Toronto Wonderfi for about $ 180 million. The acquisition is expected to close in the second half of this year. And, in June, a company sold publicly in Menlo Park, Calif., Closed its $ 200 million access to Crystal sale Bitsamp After a year of legal audit.
As part of the announcement on Monday, Robinhood also said it was allowing its European users to trade in the future, a crypto derivative type that allows traders bet at future cryptocurrency prices.
And the Interior Business Program said it would allow customers to be cryptocurrensets – while crypto owners put their digital properties in Escrow to support blockchain security. Users will first take Ethereum and Solana. Robinhood did not say what other signs were planning to allow users to keep.
Update, June 30, 2025: Extended in how the Robinhood stock answered the announcement, examples of shares issued, and quotations from Steven Goldfeder