X @Bankless

Robinhood's New Features and Expansion - Robinhood shares surged over 12% following the announcement of new crypto-enabled features [1] - Robinhood Europe now offers tokenized U S stocks, ETFs, and pre-IPO opportunities like Open AI and Space X, initially on Arbitrum L2 [2][3] - Robinhood intends to launch a proprietary L2 chain to host its tokenized stock offerings [3] - Robinhood Europe transforms into a crypto-powered investment app, offering 200+ American stocks and indexes trading 24/5 with zero commissions [4] - Eligible European investors gain access to 3x leveraged perpetuals through the Bitstamp acquisition [4] U S Market Updates - U S clients in select states can now earn staking yield on ETH and SOL due to regulatory clarity from the SEC [5] - U S Robinhood Gold credit card holders can automatically convert cash back rewards into crypto [6] - Crypto transfers to Robinhood receive a 1% deposit boost, potentially doubling to 2% if total crypto deposits reach $500 million [6] - Robinhood now offers "tax lots" for U S clients on crypto assets, enabling strategic cost basis selection for tax optimization [7] Industry Implications - Robinhood's moves signal a shift in the balance of power in the crypto exchange landscape, challenging Coinbase's dominance [8] - Robinhood's SEC-regulated status gives it a potential advantage in being first-to-market with tokenized stocks in the U S [9] - The push for tokenized stocks by Robinhood, Kraken, and Dinari brings TradFi and DeFi convergence closer to reality, signaling the maturation of crypto [11][12]