Robinhood Unleashes Crypto ‘Megabombs’: Stock Tokenization, L2 Chain, and Perpetual Contracts

In the early hours of July 1st Beijing time, US brokerage giant Robinhood dropped multiple crypto bombshells, announcing the launch of stock tokenization trading, RWA-specific L2 network, EU perpetual contracts, and crypto staking services. The news sent HOOD stock surging over 12% to $93.15 intraday.

Key New Offerings Detailed

Stock Tokenization: Trade US Stocks 24/7 with Just €1

Robinhood first rolled out 200+ US stock tokens to EU users, including giants like Apple, Microsoft, and NVIDIA. Standout features:
– Ultra-low barrier: Minimum €1 investment (traditional brokerages typically require hundreds of dollars);
– 24/5 trading: Available round-the-clock Monday-Friday (vs. 6.5-hour regular US stock sessions);
– Transparent fees: Only 0.1% foreign exchange fee, no hidden costs;
– Limited-time bonus: EU users registering before July 7th get €5 worth of SpaceX and OpenAI stock tokens (total reward pool $1.5 million).

Notably, stock tokens mirror real stock movements. For example, if a company splits its shares (1→2), tokens will automatically split accordingly.

Robinhood CEO Vladimir Tenev outlined a three-phase stock tokenization strategy at ETHCC:
1. Receipt token phase: Settled on traditional financial markets;
2. Liquidity upgrade phase: Integrate Bitstamp for cross-market liquidity;
3. Blockchain-native phase: Migrate to Robinhood L2 for on-chain composability.

RWA L2 & EU Perpetual Futures

The new Robinhood Chain, built on Arbitrum Orbit and optimized for stock tokens, will support:
– 24/7 on-chain settlement
– Zero-gas cross-chain bridging
– Self-custody of assets

Meanwhile, Robinhood launched 3x leverage perpetual futures for EU users, routing orders through Bitstamp with a simplified margin management interface to lower new user barriers.

US User Exclusives: Staking, Deposit Bonuses & AI Assistant

For US users, new features include:
– Unlimited ETH/SOL staking: No minimum deposit requirement;
– Deposit cashback: 2% APY for crypto deposits before July 7th (potentially doubled if targets met);
– AI investment assistant Cortex: Real-time token price movement analysis with event-driven trading insights (Gold membership exclusive);
– Smart order routing: Auto-compares multiple exchanges, with lower fees for higher 30-day trading volumes.

7-Year Crypto Journey: From ‘Retail Broker’ to ‘Web3 Infrastructure’

Robinhood’s crypto evolution since 2018:
– 2018-2020: Tested BTC/ETH trading, temporarily paused due to volatility;
– 2021: Acquired cross-exchange platform Cove Markets; launched DOGE transfers and crypto gift cards;
– 2024: Custodied $38B in crypto assets with $119B annual trading volume; supported 20 tokens including SOL/XRP;
– 2025: Acquired Canada’s WonderFi, Europe’s Bitstamp (50+ regulatory licenses), and AI firm Pluto, building a full ‘spot-contract-staking-AI’ ecosystem.

Its standalone Web3 wallet now supports NFT trading and DeFi swaps across 5 chains (Ethereum, Solana, etc.), processing over $1B in cross-chain transfers.

Market Impact: Altcoin Winter Ahead?

Robinhood’s entry could reshape finance:
– Democratizing traditional assets: Retail investors access private equity tokens like SpaceX for the first time;
– Pressuring small-cap altcoins: Capital may shift from high-risk tokens to regulated stock tokens;
– Forcing legacy giants: Goldman Sachs, Morgan Stanley likely to accelerate similar offerings.

As Tenev stated: ‘Crypto shouldn’t just be speculative—it has the potential to become core infrastructure for global finance.’ This brokerage-led financial revolution is only beginning.

Read More《Robinhood深夜开大，踢出了交易所想象力整个盛夏》

This content is AI-generated and does not constitute investment advice. Please exercise your own rational judgment.

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