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Robinhood launches public blockchain and expands crypto trading options in the UK.

3 sourcesFirst reported 20 days agoUpdated 20 days ago

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Robinhood has launched its public blockchain, named Robinhood Chain, on the mainnet.
The blockchain operates as a Layer 2 solution built using Arbitrum's technology and includes features like 24/7 tokenized stocks.
The company plans to introduce cryptocurrency trading for residents in the UK as part of its expansion efforts.
Robinhood's new suite of DeFi products aims to integrate cryptocurrency more closely with traditional finance.
The launch includes partnerships with platforms such as Uniswap from its initial rollout.

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Robinhood has officially launched its public blockchain, known as Robinhood Chain, on the mainnet as part of its strategy to deepen its engagement with the cryptocurrency sector. This launch follows months of testing and comes with a suite of decentralized finance (DeFi) products aimed at expanding access for users. The company has also announced plans to introduce crypto trading services for residents in the UK.

Robinhood Chain is designed as a Layer 2 solution built on Arbitrum's technology stack and features partnerships with notable entities, including Uniswap, from the outset. This initiative not only includes the trading of cryptocurrencies but also introduces 24/7 tokenized stocks and a lighter version of perpetual contracts, known as "Lighter perps." With these developments, Robinhood seeks to further blur the lines between cryptocurrency and traditional financial services, positioning itself as a comprehensive platform for digital asset trading.

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Robinhood launches public blockchain and expands crypto trading options in the UK.

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