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Robinhood to Launch Blockchain Platform for European Investors

  • Robinhood is planning to launch a blockchain-based trading platform for retail investors in Europe, allowing trading of U.S. stocks and securities via blockchain.
  • In Q1 2024, Robinhood's crypto trading volume reached $46 billion, showing a 28% annual growth. The company is in discussions regarding partnerships with digital asset firms for the blockchain project.
  • Furthermore, Robinhood is looking to acquire Bitstamp to expand its reach in the EU market and potentially offer crypto-linked derivatives to European investors.
  • The SEC recently closed an investigation on Robinhood Crypto, giving the firm a stronger position in the digital asset market. Robinhood aims to provide a faster, more transparent, and cost-effective investment platform for European users through blockchain technology.

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