Digital brokerage Robinhood (HOOD) is extending its crypto footprint with a slate of new offerings, including developing its own blockchain network based on Arbitrum ARB$0.3477 and launching tokenized stocks trading, the company announced on Monday …
The trading platform plans to debut the products after completing its purchase of Bitstamp.
Robinhoood shares jumped 13% in early trading Thursday after fourth-quarter earnings beat estimates.
Analysts are expecting overall crypto revenue at Robinhood to have soared to $345.5 million from $63.9 million in the previous quarter.
Crypto-friendly Donald Trump’s win in the U.S. presidential race will likely result in a change in leadership at the Securities and Exchange Commission.