Robinhood Looks at European Market with Blockchain Platform for Trading US Stocks
Robinhood, as reported by Bloomberg, plans to expand its services to Europe through the development of a platform built on blockchain technology. The goal is to provide European retail investors with the ability to trade securities from the United States, establishing partnerships with companies in the digital asset sector.
Currently, Robinhood is evaluating potential collaborations with Arbitrum or Solana networks to enable this initiative. In a previous strategic move, the company obtained a brokerage license in Lithuania last month. Additionally, Robinhood plans to acquire Bitstamp, aiming to obtain the necessary license for trading cryptocurrency derivatives.
