Robinhood to Build Blockchain Platform for Stock Trading in Europe

American investment platform Robinhood is developing a blockchain infrastructure for trading American securities in Europe. This was reported by Bloomberg, citing insiders.

Sources claim that the project could be implemented with the support of one of the leaders in the crypto industry specializing in digital assets. Potential candidates include the Arbitrum and Solana networks — the latter demonstrate high throughput and low fees, which is critical for large-scale financial solutions. The choice of a specific partner has not yet been announced, but experts note that cooperation with Arbitrum or Solana will allow Robinhood to combine traditional financial instruments with the benefits of decentralized technologies.

Robinhood (HOOD) shares rose 2.67% to $49.99 amid news of the platform's plans. However, in the first quarter of 2025, the company recorded an 8.6% decline in revenue to $927 million compared to the same period in 2024. The decline is associated with a decrease in retail trader activity and tightening regulations in the EU.

Robinhood was previously reported to be planning to launch cryptocurrency apps in Singapore via digital asset exchange Bitstamp.