Robinhood's major product updates

Robinhood made some huge product updates... CEO Vlad Tenev has repeatedly stated that he wants to RH to be the 'financial super app'

Robinhood’s latest rollout goes well beyond basic crypto buying and selling. They’re launching a suite of new tools aimed at turning the app into the central hub for digital assets.

Starting June 30, European users will be able to trade tokenized U.S. stocks and ETFs—Apple, Tesla, Nvidia, the S&P 500—over a digital ledger. No commissions (but also the fees aren't clear). 24/7 trading.

They’re also planning tokenized shares of private companies. Yep—soon, eligible European users could own slices of OpenAI and SpaceX, even though those companies aren’t public yet... this is what I'm most excited for with this update

And it doesn’t stop there.

Robinhood is building its own blockchain to power these tokenized trades and rolling out perpetual futures on Bitcoin and Ethereum in Europe. These are leveraged bets with no expiration date. Up to 3x leverage for those who like to live dangerously.

Back home in the U.S., they’re launching crypto staking for Ethereum and Solana. That means investors can lock up their tokens to earn rewards by helping secure the network—unless the SEC comes knocking. (Which they already did with Kraken, fining them $30 million and forcing them to pull U.S. staking… although Kraken’s now sneakily rolling it out again in some states.)

Why Now?

Because crypto is hot again. Bitcoin’s hovering near all-time highs. Trump’s cozying up to digital assets. And Congress is (finally) warming up to the idea of bringing crypto into the traditional financial system.

Robinhood’s not just betting on the hype—it’s been building. It acquired Bitstamp and WonderFi, two crypto-heavy platforms. And CEO Vlad Tenev clearly wants to turn Robinhood into a full-blown global financial machine, with crypto as the growth engine.

The Big Picture

Since adding crypto in 2018, Robinhood’s made a ton of money from it. And now, despite some major regulatory speed bumps (like the SEC’s 2024 Wells notice, and a $30M fine from New York’s DFS in 2022), they’re doubling down.

To Vlad, this isn’t just a product line—it’s the strategy.

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