Robinhood Tests Blockchain for US Stock Trades in Europe

Shares of Robinhood rose 2% following the report, fueled by optimism over a potential blockchain integration. The platform’s move to explore blockchain for U.S. stock trading in Europe could be key to attracting a wider European user base and modernizing its operations. Though specifics are still under development, the project reportedly aims to connect European users with US stocks, potentially leveraging Layer 2 networks like Arbitrum. This foray into traditional stock trading outside of the U.S. would mark Robinhood’s first major expansion in this area while harnessing blockchain technology.