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Robinhood shares hit record high amid introduction of new tokens
CNBC Televisionยท2025-06-30 16:20

Crypto Expansion - Robinhood stock is up nearly 10% following the unveiling of a new crypto expansion [1] - The expansion includes tokenized shares of Open AI and SpaceX for European users [1] - Robinhood is giving out free tokens of both Open AI and SpaceX to all EU customers as part of the launch [1] - This expansion is aimed at turning the app into a global crypto investment platform [1] European Market Initiatives - Robinhood will offer tokenized US stocks and ETFs in Europe [2] - Over 200 assets at launch with 24/5 trading, dividend support and zero commissions or spreads [2] - Robinhood is launching a new layer 2 blockchain built on Arbitrum [2] US Market Initiatives - The company is also expanding into crypto yield for US customers [2]