Robinhood has obtained a Markets in Crypto Assets (MiCA) license, authorizing the trading platform to legally offer tokenized stock trading across 27 European regions. The integration with Arbitrum blockchain technology enables seamless transactions of digital stock representations while expanding Robinhood’s cryptocurrency services to include Ethereum and Solana staking.
With this license, Robinhood’s European operations now function entirely on blockchain infrastructure. The platform supports tokenized equities, cryptocurrency spot trading, perpetual futures contracts, and staking services for Ethereum and Solana, positioning it as a comprehensive digital asset hub.
The announcement propelled Robinhood’s stock to an all-time high of $92.37, marking an 11% single-day surge and 148% year-to-date growth. CEO Vlad Tenev demonstrated the platform’s capabilities through a live trade of tokenized OpenAI stock on Arbitrum, showcasing the new functionality.
Robinhood’s cryptocurrency revenue reached $252 million in the second quarter, doubling year-over-year figures. This growth is attributed to the platform’s expanded service offerings and blockchain-based operational model in European markets.