The shares of the Handelsapp Giant Robinhood (Hood) have risen by 10% today and act on all time highs after announcing a large extension of crypto.
According to a Robinhood announcementThe Retail Trading app has launched the US stock and exchange-traded fund (ETF) tokens in the EU.
The stocks are issued on the Ethereum (ETH) Layer-2 blockchain arbitrum (ARB). Robinhood also announced plans to build his own Laag-2 on Arbitrum.
Says GM and SVP of Robinhood Crypto Johann Kerbra,
“Crypto was built by engineers for engineers and has not been accessible to most people.
We make the world on board on board by using it as easy as possible – with the aim of bringing powerful tools into one intuitive platform. “
Moreover, the Handelsapp giant introduces the constant crypto -futures in the EU, as well as crypto institution in both the EU and the US.
Comments Robinhood -President and CEO Vlad Teev,
“Our newest offer laid the foundation for crypto to become the backbone of the global financial system.”
Last week Robinhood announced that the micro-futures rolled out for Bitcoin (BTC) and other top crypto assets.
In a podcast interview last year, Teev said that Robinhood has ambitions to play a role in merging AI and Wealth Management.
“I think there are two major technological trends that can influence financial services. One is crypto, the other is ai. And Robinhood will be a leader in both. I mean, we are already a leader in crypto, and we make many and many investments to ensure that we are the leader in AI.
I don’t think the competition is particularly formidable, but I also think that this is not an excuse to become complacent, so yes, I think we will do a lot. And we also recently announced a takeover of Pluto, what is it actually an AI-based investment research product, so you can introduce information about companies and investments. “
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Featured image: Shutterstock/Fona