Robinhood (HOOD) rises 12.77% with launch of Stock Tokens for European customers

Robinhood Markets (HOOD) surged 12.77% on Monday to $93.63 with the launch of Robinhood Stock Tokens for European customers to invest in US stocks and ETFs. Tokens offer zero commissions, dividend support, and 24/5 trading access, with direct dividend payments to app holders.

Stock tokens will initially be issued on Arbitrum, with future plans for a Robinhood Layer 2 blockchain optimized for tokenized real-world assets. The goal is to support 24/7 trading, seamless bridging, and self-custody for users. Robinhood aims to onboard the world to crypto with user-friendly tools.

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Read more at Yahoo Finance: Robinhood Markets (HOOD) Soars 12.77% on Europe Token Launch