Robinhood’s expansion into Europe, transforming its existing cryptocurrency application into a comprehensive investment platform. This initiative involves offering over 200 tokenised US stocks and exchange-traded funds (ETFs) to customers across 31 EU and EEA countries.
A key feature is the absence of commissions or additional spreads on these tokenised assets, which also support dividends and 24/5 trading. Initially, these stock tokens will operate on Arbitrum, a popular Ethereum Layer 2 network, with Robinhood also planning to launch its own Layer 2 blockchain built on Arbitrum.
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