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Sign InIn a new expansion move, Robinhood plans to enter the UK crypto market and broaden its perpetual futures offering in Europe. According to media reports, the platform announced it will launch crypto trading in Britain and extend its perpetual futures contracts beyond cryptocurrencies. This step is part of the company's strategy to strengthen its European footprint and capitalize on growing demand for digital assets and derivatives.
The expansion comes amid rapid growth in the derivatives and digital asset markets. Per market data, HOOD stock closed at $100.28 on June 30, 2026, just shy of its daily high of $103.06. Facing increasing competition from platforms like Coinbase and Kraken, Robinhood aims to capture market share in Europe and the UK, where recent regulatory clarity on cryptocurrencies has improved.
Investors are watching how these plans impact HOOD's share performance, which traded in a range of $99.66 to $103.06 in the last session. With no near-term company-specific calendar catalysts, attention will focus on regulatory developments in the UK and Europe. Favorable regulatory approvals could provide further support for the stock, especially as Robinhood continues diversifying revenue streams beyond traditional equities.
Update: In a significant technological milestone, Robinhood has launched the public mainnet for its Ethereum Layer-2 network, powered by Arbitrum. This initiative introduces tokenized stock trading to the platform, marking a strategic pivot toward decentralized finance (DeFi) infrastructure and expanding its digital asset capabilities.
Update: Robinhood also said Robinhood Chain is now live on public mainnet as a Layer 2 built on Arbitrum's tech stack. The launch came with 24/7 tokenized stocks, Lighter perps, and a planned rollout of agentic crypto trading, with Uniswap among day-one partners.