Robinhood Launches Arbitrum-Based Robinhood Chain Mainnet
Summary
- Robinhood said it is expanding its on-chain finance business with the launch of the Robinhood Chain mainnet, its Arbitrum-based layer-2 network.
- Robinhood also formally launched a stock-token service in 120 countries and Robinhood Earn, a decentralized lending service offering a 7% annual yield, alongside the public mainnet debut.
- Robinhood said it is expanding globally through broader European perpetual futures trading, a UK cryptocurrency trading service, its Canadian WonderFi acquisition, and the rollout of an AI-based trading tool in the US.
Forecast Trend Report by Period
Robinhood Markets Inc., the US stock and cryptocurrency trading platform, has launched the mainnet for its Arbitrum-based layer-2 network, Robinhood Chain, expanding its push into on-chain finance.
CoinDesk reported on July 1 that Robinhood also formally launched a stock-token service in 120 countries alongside the public mainnet debut.
The company also unveiled Robinhood Earn, a decentralized lending service offering a 7% annual yield.
Robinhood is also expanding its global business. In Europe, it plans to broaden perpetual futures trading to include commodities, ETFs and foreign exchange. In the UK, it is pursuing the launch of a cryptocurrency trading service. In Canada, it plans to expand its business based on its acquisition of WonderFi.
For US users, Robinhood also introduced Agentic Accounts, an AI-based trading tool.
