Robinhood is reportedly preparing to integrate blockchain technology in collaboration with major players in the cryptocurrency sector, according to insiders.
Similar to its counterparts in the digital asset investment sector, Robinhood is reportedly developing its own blockchain network aimed at enabling European customers to trade US stocks, according to a Bloomberg report citing two individuals familiar with the alleged project. Muyao Shen from Bloomberg noted that Robinhood Markets Inc. has not yet provided any comment on the matter.
Shen reported that sources indicate both the Ethereum Layer-Two (L2) solution Arbitrum and the Layer-One (L1) network Solana have been evaluated as potential collaborators. Insiders anticipate that Robinhood’s blockchain project will launch in partnership with a firm from the ‘digital asset’ sector. Shen also noted that, according to an individual ‘with direct knowledge,’ negotiations remain ongoing and no formal agreement has been established.
The purported blockchain initiative by Robinhood emerges against the backdrop of a broader trend, as several of its peers have already launched their own chains. Coinbase, based in San Francisco, has introduced its Base chain, while Kraken, also located in the Bay Area, unveiled a network called Ink. Meanwhile, Robinhood has reported outstanding results for the first quarter of 2025, achieving record revenues and significant expansion in its business sectors.
The total revenue increased by 50% year-over-year to reach 927 million USD, driven by a 77% rise in transaction-based income, which amounted to 583 million USD. The company’s cryptocurrency division played a pivotal role during the quarter, with revenue from cryptocurrency transactions doubling to 252 million USD compared to the previous year, accounting for over 43% of the platform’s total transaction-based income.
You may also like
More recent news & other related updates
