- Robinhood is expanding its European derivatives, offering perpetual futures on traditional assets like commodities and ETFs.
- The company plans to launch cryptocurrency trading in the U.K. and has officially opened crypto services in Canada.
- In the U.S., Robinhood introduced “Robinhood Earn,” a decentralized stablecoin lending product with insurance coverage.
On Wednesday, Robinhood Markets Inc. (HOOD) announced a sweeping international expansion, causing its shares to jump 8.4%. The company revealed plans for non-crypto perpetual futures in Europe and a looming cryptocurrency launch in the United Kingdom.
This strategic push aims to reduce Robinhood‘s historical reliance on volatile U.S. retail trading volumes. Consequently, it seeks to transform the platform into a global investing ecosystem.
Eligible European investors can now trade perpetual contracts tied to Gold, oil, and major ETFs. These derivatives offer up to 10x leverage and trade continuously, adapting a core crypto market feature.
Meanwhile, executives confirmed a near-term rollout for crypto trading to U.K. consumers. This marks a renewed effort to capture the British retail market after previous delays.
The company officially entered the Canadian market following its $180 million acquisition of WonderFi. Furthermore, Robinhood secured a key license from the Monetary Authority of Singapore.
Alongside global updates, the broker introduced “Robinhood Earn” for eligible U.S. users. This on-chain lending protocol offers an estimated 7% yield on the stablecoin USDG and includes dedicated insurance policies.
Retail sentiment on Stocktwits was ‘bearish’ despite a 53% jump in message volume. One user highlighted that the updates seem like “a complete platform overhaul.”
HOOD stock ended at its highest level since January but slipped marginally after hours. The stock has lost 7% year-to-date but is a top holding in several major ETFs.
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