Robinhood stock surges 12.1% after announcing tokenized trading in E.U.

From Nasdaq
June 30, 2025 3:43:00 pm:

Shares of Robinhood Markets (NASDAQ: HOOD) surged 12.1% on Monday, outperforming the S&P 500 and Nasdaq Composite. Robinhood announced tokenized trading in the E.U., allowing customers to trade U.S. stocks around the clock with commission-free tokens in partnership with Arbitrum.

Robinhood’s move into tokenized trading marks a new direction for the company, offering over 200 U.S. stocks and ETFs like Nvidia and Apple outside traditional hours. This expansion includes crypto perpetual futures for E.U. customers and crypto staking for U.S. users, positioning Robinhood against Kraken and Coinbase in the crypto space.

Despite impressive revenue and earnings growth, Robinhood’s stock valuation is high with a P/E ratio of nearly 50. The company’s push into crypto presents a growth opportunity, but investors should be aware of potential corrections if growth slows. Analysts suggest Robinhood stock is a solid pick for those with higher risk tolerance.

The Motley Fool’s Stock Advisor team did not include Robinhood Markets in their top 10 stock picks. Historically, their selections have seen significant returns, outperforming the S&P 500 by 1,062%. Joining Stock Advisor provides access to their latest recommendations for potential market-beating returns.

Read more at Nasdaq: Why Robinhood Stock Is Soaring Today