Robinhood’s (HOOD) first annual crypto event in Cannes unveiled major product expansions, including broadening its European app to 31 countries, launching perpetual futures, and pioneering U.S. stock tokens for EU customers, Morgan Stanley tells investors in a research note. It also upgraded its U.S. crypto platform with features like staking and advanced mobile charts, with further announcements expected at the Active Trader Summit in September. The firm made no change to its Equal Weight rating or $43 price target on the shares.
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