Past the Robinhood Chain ecosystem, the corporate introduced a number of extra product launches and worldwide enlargement efforts. Robinhood mentioned it’s increasing perpetual futures buying and selling in Europe to incorporate commodities, ETFs and international change markets alongside crypto. It additionally plans to launch crypto buying and selling within the U.Okay. and mentioned its providers at the moment are out there in Canada following its acquisition of WonderFi.
The corporate additionally unveiled Agentic Accounts for crypto, an AI-powered buying and selling software that may permit eligible U.S. customers to attach AI fashions to Robinhood’s buying and selling infrastructure whereas retaining management over capital allocation and buying and selling parameters.
“Decentralized finance unlocks possibilities beyond what traditional finance can offer, but historically, it has required technical expertise to navigate,” Johann Kerbrat, Robinhood’s senior vp of crypto.
Robinhood’s product push exhibits how the traces between crypto and conventional finance are persevering with to blur. The brokerage has steadily expanded past shares and spot crypto buying and selling into tokenized equities, derivatives and occasion contracts, higher generally known as prediction markets. That technique matches into the race for the “everything exchange” to host every kind of buying and selling and monetary exercise beneath one roof, more and more on prime of blockchain rails.
On the similar time, the corporate additionally mentioned final month it might lay off 10% of its workforce, some 290 staff, to streamline its group and administration construction.
