Robinhood stock surges 12.8% after launching new crypto offerings and acquiring Bitstamp for $200 million

From Nasdaq: 2025-07-01 15:00:00

Robinhood stock (HOOD) surged 12.8% after launching new crypto offerings for U.S. and European users. The platform added over 200 U.S. stocks and ETF tokens for EU users and plans to introduce crypto perpetual futures. Additionally, Robinhood acquired Bitstamp for $200 million to expand its crypto offerings.

Tokenized stocks, popular among crypto enthusiasts, utilize blockchain tech. EU users will have access to crypto perpetual futures. Robinhood launched crypto staking for U.S. users to compete with exchanges like Coinbase. Increased customer engagement and new offerings have boosted Robinhood’s shares.

Robinhood stock is trading above short and long-term moving averages. The company’s high net profit margin and recent acquisitions indicate strong growth potential. However, caution is advised due to the stock’s hefty valuation. Robinhood currently has a Zacks Rank #3 (Hold).



Read more at Nasdaq: Why Robinhood Stock Is Soaring: A Buying Opportunity?