American Neobroker Robinhood (Nasdaq: Hood), recently teasing what he said would be the “biggest encryption announcements of the year”, presented a suite of new products that the company says Mark a major step forward for Crypto. From the expansion of Robinhood to over 400 million people to 30 EU and EEA countries to start shares and ETF brands, Robinhood said it is being built in a future where the investment is simpler, smarter and more affordable in the world.
“Our latest bids lay the groundwork for Crypto to make the backbone of the global financial system,” said Robinhood Vlad Tenev, chairman and chief executive.
Tokenization and Layer 2 Blockchain
First of all, Robinhood informed that US stocks and ETF brands in the EU have begun, giving eligible exposure customers to Robinhood stock brands – displaying zero committees or adding spreads from RobinHood (other fees). With tokenized stocks, RobinHood’s European applications go from being only an encryption application to an all-in-one investment application supported by Crypto.
European customers will have access to 200+ US stock and ETF brands. Shares will also receive dividend payments directly to their application.
“Crypto was built by engineers for engineers and was not accessible to most people,” said Johann Kerbrat, GM and SVP by RobinHood Crypto. “We are on boarding the world at Crypto, making it as easy as possible to use – with the aim of bringing strong tools to an intuitive platform.”
Inventory brands will first be issued in arbitrum. In the future, stocks will be facilitated by RobinHood Layer 2 blockchain, based on Arbitrum. Currently, Blockchain Robinhood will be optimized for real world assets and built to support 24/7 transactions, seamless bridge and confidence.
Constant future
RobinHood introduces a cryptographic future of future fulfillment to the EU, where it will provide eligible customers access to a new category of derivatives with continuous exposure and up to 3 times leverage. Continuous will be released 100% to eligible customers by the end of summer. Designed to help reduce the complexity that is usually associated with constant transactions, Robinhood said he has created his interconnection with intuitive controls to regulate position size and manage the margins. Orders are launched through the exchange of future fulfillment Bitstamp.
This launch will mark an important step in serving active traders around the world with advanced trading tools on an intuitive platform.
Encrypting the US
Crypto Staking begins with the eligible US customers, starting with Ethereum and Solana. With the user -friendly interface, RobinHood customers can now participate in blockchain ecosystems and have access to competitive reward prices, contributing to network functions. Crypto Staking is also available to all RobinHood customers in the EU and the EEA.
Expanded product suite
RobinHood has unfolded a suite of new products to make the crypto trading at Robinhood even more powerful and smoothly.
- Immediate thrust to cryptographic deposits: For a limited period of time, US and EU investors can transfer encryption to Robinhood and earn a 1% deposit boost – with the opportunity to double it to 2% if total deposits hit the $ 500 million target.
- CRYPTO credit card rewards: The RobinHood Gold credit card gives us our customers cash on purchases – in all categories. Coming to this autumn, customers can use these rewards to automatically encrypt.
- Cortex for encryption: Our American function, Cortex, an AI assistant investor powered by AI, will be available later this year. Members of RobinHood Gold can see diligent knowledge, trends and market analysis based on facts within each page details of the contract. It is designed to help customers quickly understand prices and market shifts in real time.
- Smart exchange route: Smart Exchange Route evaluates many exchanges of partners and routes your order to receive the best price available to them. Soon, all orders placed through smart exchanges will meet the conditions for fees, which means that the more trade, the lower your percentage-based on the 30-day trading volume. API support is coming soon.
- Tax areas: US customers can also display and sell specific tax positions for cryptographic transactions, allowing you to strategically choose which lots they will sell.
- Advanced charts: Advanced charts from Robinhood Legend come to the mobile, starting with the shares and expanding to Crypto in August.