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Robinhood’s Big European Blockchain Bet: What Could Go Wrong?

BBG News
  • Robinhood’s ambitious blockchain platform is about to shake up U.S. stock trading in Europe. Oh boy!
  • Crypto trading hit a whopping $46 billion for Robinhood in Q1 2024, up 28%! Somebody’s cashing in!
  • Buying Bitstamp: Robinhood’s plan to take over the EU crypto world one exchange at a time.

Well, well, well! It seems Robinhood has set its sights on Europe and, hold on to your hats, they’re coming in with a blockchain-based trading platform for retail investors. This marvel of technology, according to Bloomberg, will allow European folks to trade U.S. stocks via blockchain. Yes, you read that right—blockchain. Now, as exciting as this sounds, don’t go booking flights to Lithuania just yet. No official launch date has been set, and if you’re waiting for a partner to show up, well, they’re still ‘talking’. Sounds like a Netflix show, doesn’t it?

Crypto Bonanza: Robinhood’s Crypto Trading Hits $46B in Q1 2024

So, it’s clear that Robinhood isn’t just dipping its toes into the crypto waters—it’s cannonballing in. With Arbitrum and Solana blockchain networks being considered for this grand adventure, we’re talking speed, security, and low costs. These are the heroes of the blockchain world, or so they say. Sources claim that Robinhood’s been having some secretive meetings with a few digital asset firms—no official handshake yet, though. If you were hoping for some fast action, you’re going to have to keep waiting.

Europe, beware! Robinhood’s international expansion is in full swing. They’ve already launched cryptocurrency trading in 2023 and just got a brokerage license in Lithuania. Look out, EU—you’re about to get a taste of American-style stock trading. So, what’s next? Tokenizing U.S. stocks through blockchain, of course! This will supposedly bring faster trade settlements, lower fees, and, get this, more transparency. Because who doesn’t love a little more transparency? 🤔

And speaking of cryptocurrency, Robinhood hit a pretty impressive milestone with a $46 billion trading volume in Q1 of 2024. However, in April, things took a small dip to $8 billion—down from a monthly average of $15 billion. Guess somebody forgot to send the memo to the traders.

And here’s a twist! In February 2025, Robinhood was cleared by the U.S. Securities and Exchange Commission (SEC) in their investigation into Robinhood Crypto (RHC). The SEC decided not to pursue any enforcement action. So, that’s a win, right? Now Robinhood’s digital asset market position is looking all shiny and secure.

Robinhood’s Next Move: Buying Bitstamp for European Dominance

But wait, there’s more! Robinhood’s got its eye on Bitstamp, one of the top crypto exchanges. If the deal goes through, Robinhood could tap into Bitstamp’s regulated trading infrastructure and MiFID-licensed multilateral trading facility in Europe. This could give Robinhood the power to offer crypto-linked derivatives in Europe. You know, just in case regular crypto trading wasn’t exciting enough already.

And if you thought Robinhood’s CEO, Vlad Tenev, was just sitting back relaxing, think again. He’s been defending tokenized securities like it’s his day job. According to him, there’s growing interest in applying blockchain to trade shares of private companies in the U.S. And, surprise, surprise, it might soon spread to Europe. Who knew?

But wait—there’s even more! Robinhood is eyeing Singapore for its next big move. Word on the street is that by late 2025, Robinhood might launch crypto trading services there, most likely thanks to their acquisition of Bitstamp Ltd. So, get ready, Asia. Robinhood’s about to get global. 🌏

In conclusion, Robinhood is doing its best to balance the old and the new—traditional finance and blockchain technology. Their upcoming platform could be a game-changer for European users who want to invest in U.S. markets without the usual high costs. Let’s see if they can pull it off or if this is just another ‘too good to be true’ moment. Time will tell…

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2025-05-09 01:45

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