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.