Robinhood Just Made Crypto Simpler — And Way More Powerful

Robinhood unveiled a major expansion of its crypto offerings at an event in Cannes, according to Benzinga. The fintech company introduced stock and ETF tokens, perpetual futures, and crypto staking to users in the U.S. and EU. The company is now offering commission-free stock tokens with dividend support and access to users in 30 countries, as it transitions its EU app into a full investment platform. Robinhood also announced a Cortex AI assistant, a crypto cashback card, and plans for a Layer 2 blockchain built on the Arbitrum network. CEO Vlad Tenev stated that the aim is to make cryptocurrency the foundation of the global financial system. Shares are up 10.5% and have risen 131% year-to-date.