Key Takeaways
- Robinhood Markets shares traded at a record again after announcing a range of new cryptocurrency products.
- The online trading platform is launching U.S. stock and ETF tokens and perpetual futures in Europe, and U.S. customers can take part in crypto stalking.
- Co-founder and CEO Vlad Tenev said Robinhood was laying the groundwork for crypto to be the “backbone” of the world’s financial system.
Robinhood Markets (HOOD) shares traded at an all-time high for a second straight session Tuesday following news the online trading platform launched what it called “a suite of new products that mark a major step forward for crypto.”
The company said it was offering U.S. stock and exchange-traded fund (ETF) tokens, as well as perpetual futures, in the European Union (EU). In addition, Robinhood will provide crypto staking to U.S. customers, beginning with Ethereum and Solana. The firm is also adding a range of other tools “to make trading crypto on Robinhood even more powerful and seamless.”
Johann Kerbrat, general manager and senior vice president of Robinhood Crypto, explained that the cryptocurrency econsystem was built by engineers for engineers, and hasn’t been accessible to most people. Kerbrat said the company was now “onboarding the world to crypto by making it as easy to use as possible—with the goal of bringing powerful tools into one intuitive platform.”
Co-founder and CEO Vlad Tenev said Robinhood’s new offerings “lay the groundwork for crypto to become the backbone of the global financial system.”
Shares of Robinhood Markets jumped a further 5% Monday morning to about $98 after touching a record $99.06 soon after markets opened. They are up more than 160% in 2025.
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