TechFlow news, June 30 — According to Fortune, Robinhood announced it will allow EU users to trade U.S. stocks and ETFs on the blockchain. These assets, called "Robinhood Stock Tokens," will offer zero-commission trading and enable dividend receipts within the app.
Initially, these tokens will be issued on Arbitrum, an Ethereum Layer 2 network, covering stocks of over 200 companies with trading available 24 hours a day, five days a week. Robinhood plans to eventually migrate these tokens to its own Layer 2 blockchain based on Arbitrum, which will support round-the-clock trading.
In addition, Robinhood also announced the launch of crypto perpetual futures trading for European users, as well as staking services for U.S. users (initially supporting Ethereum and SOL).
