Robinhood stock hit the $100 mark for the first time, capping off a week of fresh all-time highs and a major strategic swing in Europe. CEO Vlad Tenev said the goal is to merge crypto infrastructure with traditional finance by putting real products in customers' hands.
Robinhood Markets, Inc. (HOOD) concluded the recent trading session at $92.33, signifying a -1.39% move from its prior day's close.
HOOD jumps 12.8% after unveiling crypto futures, staking, and tokenized U.S. stocks for EU and U.S. users.
Robinhood launches tokenized U.S. stocks in the EU, expanding beyond crypto as investor demand for digital assets surges.
Robinhood is evolving into a global, capital-light personal finance super-app, with strong recurring revenue from subscriptions, card, and crypto services driving profitability. International expansion, the Gold Card, and crypto/tokenization initiatives are accelerating growth, diversifying revenue, and deepening user engagement beyond U.S. retail trading. Financials highlight robust operating leverage, high margins, and aggressive buybacks, with guidance implying continued strong growth and improving per-share metrics.
The financial-services platform is making a smart move by getting deeper into cryptocurrencies, analysts say, as it will expand its customer base.
Robinhood Markets (HOOD) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
Robinhood Markets Inc (NASDAQ:HOOD) is building its own blockchain to support the trading of tokenised real-world assets, in a major step that will shift the US fintech's crypto business beyond digital currencies. The new network, a so-called Layer 2 blockchain built on the Arbitrum system, will be designed to handle around-the-clock trading, self-custody of assets, and seamless movement between platforms.
CNBC's MacKenzie Sigalos reports from Cannes, where Robinhood just unveiled tokenized shares of OpenAI and SpaceX — part of a larger push to put its entire brokerage stack on-chain and enable round-the-clock trading.
After starting calendar Q2 with a huge "Liberation Day" dip, the Nasdaq and S&P 500 once again close at new all-time highs.
Robinhood Markets Inc (NASDAQ:HOOD) shares jumped almost 12% after the trading platform expanded its crypto and stock trading offerings in the European Union. The company has launched tokenized US stocks and ETFs for EU users, allowing commission-free trading of more than 200 major US stocks, accessible 24 hours a day, five days a week.
The stock tokens give E.U. investors exposure to hundreds of U.S. stocks, as well as to private companies SpaceX and OpenAI.