Robinhood (HOOD) disclosed a major expansion of its offerings, allowing European Union users to trade U.S. stocks using blockchain-based tokens. Also, it is adding new cryptocurrency features to make trading faster and easier. Following the news, Robinhood stock surged nearly 13% on Monday, hitting a record high.
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The move comes after rising global interest in the U.S. stock market and the growing demand for new trading solutions.
Robinhood Opens U.S. Stock Access to EU Investors
With a partnership with blockchain firm Arbitrum, HOOD will now allow EU clients to trade over 200 US stocks and exchange-traded funds (ETFs), including giants like Nvidia (NVDA), Apple (AAPL), and Microsoft (MSFT). These tokens are commission-free, tradeable 24 hours a day, five days a week.
Looking ahead, Robinhood also plans to launch tokens linked to shares of privately held companies, such as Sam Altman’s OpenAI and Elon Musk‘s SpaceX, and eventually move to 24/7 trading.
The move also signals Robinhood’s push into crypto infrastructure. Alongside the stock tokens, the company revealed plans to build its own Layer 2 blockchain, optimized for real-world assets and 24/7 trading. It’s also rolling out crypto perpetual futures for EU users, allowing leveraged bets on crypto prices without an expiry date.
CEO Vlad Tenev noted the launch is a step toward making Wall Street more accessible to global investors, especially as demand for U.S. tech and AI stocks surges. “Tokenization is going to open the door to a massive trading revolution,” he said.
Is HOOD a Good Stock to Buy?
Turning to Wall Street, HOOD stock has a Moderate Buy consensus rating based on 14 Buys, five Holds, and one Sell assigned in the last three months. At $69.68, the average Robinhood stock price target implies a 25.58% downside potential.
