Shares of Robinhood surged by 26% following strategic announcements, including the launch of tokenized equities for European traders and the acquisition of Bitstamp.
The acquisition of Bitstamp, a regulated EU crypto exchange, allowed Robinhood to expand its footprint outside the U.S. and attracted considerable attention from analysts and traders.
While Robinhood aims to tokenize U.S. stocks for European traders and bridge tradFi with DeFi, concerns regarding the legality of tokenized stock receipts have been raised, requiring further evaluation by regulatory authorities.
Despite some uncertainties, Robinhood's CEO believes that tokenization will enhance access to securities and align with the platform's mission of democratizing finance. The expansion to Europe leverages the regulatory environment and supports the broker's innovative approach to improving trading efficiency and transparency.