- Robinhood to launch blockchain-based platform for buying and selling U.S. shares in Europe.
- Crypto buying and selling hits $46B for Robinhood in Q1 2024, marking 28% annual development.
- Acquisition of Bitstamp to unlock crypto derivatives and broaden EU market attain.
Robinhood Markets Inc. is reportedly getting ready to launch a blockchain-based buying and selling platform for retail traders in Europe. In keeping with Bloomberg, this platform will allow customers to commerce U.S. shares and securities through blockchain. Whereas discussions are nonetheless being carried out, no official date has been introduced for the launch, nor has a contact companion been designated.
Robinhood Crypto Buying and selling Hits $46B in Q1 2024
So far as this undertaking is anxious, on the market are Arbitrum and Solana blockchain networks which have been thought-about up to now. They’re each well-known for his or her velocity, safety, and low transaction prices. Shut sources from the discussions have revealed that Robinhood is negotiating with a number of digital asset corporations. Nonetheless, an official settlement has not been signed; it might be signed later.
It is a huge step in direction of Robinhood’s worldwide course of, particularly the European Union. Earlier, in 2023, the corporate launched cryptocurrency buying and selling within the area. Just lately, Robinhood acquired a brokerage licence in Lithuania. This step enabled it to supply monetary providers similar to inventory buying and selling in EU nations.
Aside from enhancing entry, Robinhood’s new platform is designed to make use of blockchain in tokenizing U.S. shares. This suggests that shares of a inventory might be represented by digital tokens in an open blockchain. This method might consequently present such advantages as extra speedy commerce settlements, decrease charges, and extra transparency.
Robinhood’s actions within the cryptocurrency house preserve increasing. The primary quarter of 2024 recorded a crypto buying and selling quantity of $46 billion and a 28% year-on-year development by the agency. Nonetheless, volumes in April fell by a tad, hitting $8 billion down from the initially reported month-to-month common of $15 billion.
In February of 2025, Robinhood had regulatory excellent news when the U.S. Securities and Trade Fee (SEC) formally closed an investigation on the platform referred to as Robinhood Crypto (RHC). The SEC indicated that it has no intent to take any enforcement motion. Additional, this has enabled Robinhood to have a greater place within the digital asset market.
Robinhood Plans to Purchase Bitstamp for EU Enlargement
Robinhood can also be seeking to purchase a well-known crypto change, Bitstamp. This deal is anticipated to open up Bitstamp’s regulated buying and selling infrastructure with a MiFID-licensed multilateral buying and selling facility in Europe for Robinhood. Such analysts say it might probably let Robinhood to supply crypto-linked derivatives within the area, offering new alternatives for the European traders.
Much more, Robinhood’s CEO Vlad Tenev has previously stood to defend tokenized securities. In a latest correspondence with its traders, he mentioned that there’s a rising curiosity in making use of blockchain to commerce shares of personal firms in within the U.S. This tendency which he mentioned might quickly unfold globally, notably in Europe.
Robinhood is scanning east of Europe. In keeping with studies, the corporate intends to launch crypto buying and selling providers in Singapore by late 2025 most likely by means of its forthcoming acquisition of Bitstamp Ltd. This may allow Robinhood to reinforce its digital asset operations all through a number of areas.
Lastly, Robinhood is evidently making an attempt to face on the crossroads of conventional finance and blockchain expertise. The corporate hopes with its new platform within the pipeline to supply a speedy, clear and cost-saving funding means for European customers to put money into U.S. markets with the ability of blockchain.