Robinhood Expands Cryptocurrency Product Line, Launches Futures, Staking, and Tokenized Stocks, Announces Its Layer-2 Scaling Network

CoinVoice has learned that Robinhood has announced the launch of a series of cryptocurrency features and services aimed at becoming a global digital financial platform. The company will launch ETH and SOL staking services, initially in New York, and plans to expand nationwide after obtaining regulatory approval. The new services also include a tiered fee structure for high-net-worth U.S. traders, enhanced crypto trading APIs, and cost basis tracking features to simplify tax reporting. In the European market, Robinhood has added perpetual futures contracts for tokens such as XRP, Dogecoin, and SUI, offering up to 7x leverage, following the prior launch of perpetual futures for BTC and ETH. Additionally, European users will be able to trade over 1,000 tokenized U.S. stocks and money market funds. The company has also announced its Layer-2 scaling network project, officially named Robinhood Chain. [Original link]