Robinhood | Crypto

Robinhood saw its crypto revenue almost double to $160 million as CEO Vladimir Tenev confirmed plans to keep pushing its tokenization strategy in the US and abroad. Trading platform Robinhood’s crypto revenue increased 98% year-on-year to $160 million in the second quarter as CEO Vlad Tenev doubled down on plans to lead the real-world asset tokenization market in the US and abroad. Total net revenue climbed 45% year-on-year to $989 million, while net income increased by 105% to $386 million, Robinhood said in its earnings statement on Wednesday.  Despite beating Wall Street expectations, company shares slightly retraced in after-hours trading. Read more

Robinhood posted $160 million in revenue from crypto-related trading and $989 million in overall revenue, outpacing expectations as acquisitions are reshaping the firm.

The controversy over Robinhood’s OpenAI private stock tokens is only the beginning of a wider legal battle over tokenized equities. Robinhoods tokenized stock offerings in Europe have ignited debate over the legality of tokenizing equity, especially that of private companies like OpenAI.  OpenAI said Robinhoods unapproved OpenAI tokens offer no equity ownership rights, causing regulators in Lithuania to open a formal inquiry. But thats just the start. With concerns over how different jurisdictions approach tokenized shares, the boundary between innovation and illegality, and whether there are sufficient legal protections for stock token holders. To unpack the legal complexities behind tokenized stocks, Magazine spoke with Yuriy Brisov of Digital & Analogue Partners, Joshua Chu of the Hong Kong Web3 Association and Yulia Murat, head of regulatory affairs at Global Ledger. The conversation has been edited for clarity and length. Read more

Ego Death Capital raises $100 million for Bitcoin startups, while Robinhood face scrutiny over its equity token offerings. Crypto and blockchain venture capital came roaring back in the second quarter, with startups raising a combined $10 billion during the period. For venture capital firm Ego Death Capital, however, it’s Bitcoin (BTC) — not broader crypto — that will drive the future of secure decentralized finance. Earlier this week, the firm announced a new $100 million fund dedicated to investing in early-stage Bitcoin companies. Meanwhile, Robinhood is doubling down on its tokenization push, even as European regulators scrutinize its so-called “private equity” offerings. While Robinhood has long been active in digital assets, its deeper commitment to the space has helped propel its stock to all-time highs. Read more

Robinhood launched Ethereum (ETH) and Solana (SOL) staking services for U.S. customers on July 10, enabling users to earn staking rewards on their crypto holdings with as little as $1. The new feature expands Robinhood’s staking offerings beyond Europe, allowing American customers to participate in blockchain validation without directly running validators themselves. For Ethereum, Robinhood […] The post Robinhood launches ETH, SOL staking services for US users with $1 minimum appeared first on CryptoSlate.

Robinhood is trading near all-time highs as its expanded push into crypto and blockchain continues to pay off. Robinhood’s strategic embrace of blockchain technology and tokenization has fueled a nearly 30% rally in its stock over the past month, highlighting the brokerage’s new growth drivers despite regulatory scrutiny of some of its products. Robinhood stock, trading under the ticker HOOD, surged on Wednesday to $94.65 in New York trading, putting it within 4% of its all-time closing high set on July 2. The stock has climbed more than 27% over the past month and is up 137% year-to-date, lifting its market capitalization to over $82 billion. Read more

Robinhood’s EU tokenized equity launch draws a wave of private company interest and regulatory scrutiny. Robinhood is seeing a surge of interest from private companies eager to tokenize their shares after the firm launched its stock token platform in the European Union last week. In a Tuesday interview with Bloomberg News, CEO Vlad Tenev said the company has received a wave of requests from private firms looking to make their equity accessible to retail investors through blockchain-based tokens on their platform. “Since our announcement, I’ve had a deluge of inquiries, private companies that actually want to access retail to have their shares tokenized and be a part of this revolution,” he said. Read more

Robinhood’s private equity tokens, offering exposure to tech stocks like SpaceX and OpenAI, have triggered regulatory scrutiny in Europe after OpenAI raised concerns and said that the digital assets do not represent equity ownership in the company, CNBC reported on July 7. The Bank of Lithuania, which serves as Robinhood’s primary regulator in the European […] The post EU regulators probing Robinhood’s tokenized equity plans after OpenAI raises concerns appeared first on CryptoSlate.

Robinhood’s OpenAI and SpaceX tokens are controversial, but the fine print indicates that they offer indirect exposure to these companies through derivatives. Robinhood’s stock token offerings are under regulatory scrutiny in the European Union after OpenAI warned investors that the digital brokerage’s so-called OpenAI tokens do not represent any equity stake in the company. OpenAI’s warning prompted an inquiry by Lithuania’s central bank, which serves as Robinhood’s primary regulator in the region.  The Bank of Lithuania is “awaiting clarifications” regarding Robinhood’s stock token offerings linked to OpenAI and SpaceX, CNBC reported on Monday, citing Giedrius Šniukas, a spokesperson for the Bank of Lithuania. Read more

Galaxy Digital warns Robinhood’s plan to tokenize stocks on its new chain could divert liquidity from NYSE and other major exchanges. Robinhood’s plan to tokenize stocks on its new Ethereum-compatible blockchain could shift trading volume away from traditional exchanges like the NYSE, undermining their core revenues from trading fees and market data, according to Galaxy Digital. At the EthCC conference this week, Robinhood CEO Vlad Tenev detailed plans for “Robinhood Chain,” an Ethereum-compatible layer-2 on Arbitrum Orbit. The blockchain will let users trade tokenized derivatives of stocks directly onchain, moving asset trading outside traditional exchange hours. Tenev explained that a new token engine operating on the Robinhood Chain will provide users with tokenized derivatives of their assets, enabling them to self-custody these tokens or interact with a decentralized application. Read more

The platform's OpenAI private equity tokens were disavowed by the company, prompting OpenAI co-founder, Elon Musk, to call the AI firm "fake." OpenAI issued a statement on Wednesday clarifying that OpenAI tokens distributed to European Union users by the trading platform Robinhood do not represent equity in the company. "We are not involved in this and do not endorse it,” representatives of the company wrote on social media. “Any transfer of OpenAI equity requires our approval — we did not approve any transfer. Please be careful." Robinhood distributed $5 worth of OpenAI and SpaceX tokens to clients in the EU region on Monday as part of the company's push into tokenized stock trading, which included launching a layer-2 blockchain network to settle tokenized equity trades. Read more

OpenAI said on July 2 that digital tokens trading under its name on Robinhood’s new blockchain platform do not represent OpenAI equity and were listed without the company’s consent. In a statement posted on X, the artificial intelligence developer wrote:  “These ‘OpenAI tokens’ are not OpenAI equity. We did not partner with Robinhood, were not […] The post OpenAI disavows Robinhood’s ‘OpenAI tokens,’ says demo stock was not approved and has no equity backing appeared first on CryptoSlate.

Bitcoin price trades at $107,500 amid institutional buying from Metaplanet and Strategy. Robinhood's EU expansion adds fresh catalysts. The post Bitcoin Price Prediction: Robinhood, Strategy Fuel BTC Momentum appeared first on Cryptonews.

Robinhood’s stock (HOOD) reached a new all-time high (ATH) after it revealed plans to launch several innovative products, including its own Layer 2 blockchain, tokenized stocks offering, perpetual futures trading, and crypto staking services. Following the news, the stock surged approximately 11% to $92, a new all-time high for the firm. This extends a growth […] The post Robinhood unveils crypto-heavy roadmap that lifts stock to all-time high appeared first on CryptoSlate.

Robinhood is offering tokenized US stocks and ETFs on the Arbitrum blockchain to users in Europe. Robinhood’s push into real-world assets (RWAs) is gaining momentum, with the digital brokerage launching a tokenization-focused layer-2 blockchain and introducing stock token trading for users in the European Union. Built on Arbitrum, the new layer-2 network will enable the issuance of over 200 US stock and exchange-traded fund (ETF) tokens, giving European investors access to US assets, Robinhood announced on Monday. Robinhood’s stock tokens will have zero commissions and be available for trading 24 hours a day, five days a week. Read more

Robinhood continues to expand its crypto services offering with micro futures contracts on leading assets. Digital brokerage Robinhood has launched micro futures contracts for Bitcoin (BTC), Solana (SOL), and XRP (XRP), giving crypto traders the ability to trade derivatives with significantly lower capital requirements. The new offering was officially unveiled in the United States on Friday, expanding on Robinhood’s existing crypto futures products for Bitcoin and Ether (ETH). Micro futures contracts are smaller versions of standard futures contracts, allowing traders to speculate on an asset’s price movements with a much lower upfront investment. Read more

Robinhood expanded its futures trading suite by adding micro futures contracts for XRP, Solana (SOL), and Bitcoin (BTC), according to a June 27 announcement. The zero-commission brokerage said the new products offer lower margin requirements and seamless execution via its trading ladder interface. Each micro XRP futures contract represents 2,500 XRP, roughly $5,200 at current […] The post Robinhood expands crypto offerings with micro futures for XRP, Solana, and Bitcoin appeared first on CryptoSlate.

Robinhood has acquired the world’s longest-running crypto exchange, Bitstamp, for $200 million, expanding its institutional crypto offerings to Europe, the UK and Asia. Robinhood Markets, Inc. has closed a $200 million acquisition of Luxembourg-based crypto exchange Bitstamp, adding over 50 licenses and registrations and an established institutional client base to its crypto arm. The $200 million consideration was unchanged from an initial agreement in June 2024 and was paid entirely in cash, Robinhood said on June 2. Bitstamp serves over 5,000 institutional clients and 50,000 retail customers, with most of its trading volume driven by its institutional base.  Read more

Robinhood has submitted a detailed proposal to the US Securities and Exchange Commission (SEC), calling for the creation of a federal framework to regulate tokenized real-world assets (RWAs), which represent a potential $30 trillion market, Forbes reported on May 20. The 42-page filing outlines a legal infrastructure that would allow digital tokens representing traditional financial […] The post Robinhood calls on SEC to establish unified regulatory framework for tokenized RWAs appeared first on CryptoSlate.

Robinhood has filed a proposal with the US SEC to establish a national framework for real-world asset tokenization, including plans for a new trading platform. Robinhood submitted a 42-page proposal to the US Securities and Exchange Commission (SEC), calling for a national framework to regulate tokenized real-world assets (RWAs). The brokerage is seeking to modernize financial infrastructure by making tokenized assets legally equivalent to their traditional counterparts and enabling compliant onchain settlement, Forbes reported on May 20. In the proposal, Robinhood also revealed plans for creating the Real World Asset Exchange (RRE), a trading platform offering offchain trade matching and onchain settlement for efficiency and transparency. Read more