All articles tagged with #crypto expansion
Despite a 17% drop in Coinbase's stock following a disappointing Q2 earnings report, analysts remain optimistic about the company's future, citing strategic acquisitions, new partnerships with major banks like JPMorgan, and plans to diversify revenue streams beyond traditional crypto trading, which could lead to stronger earnings in upcoming quarters.
Robinhood is expanding into crypto by developing its own blockchain based on Arbitrum and launching tokenized stocks for European users, with plans to support 24/7 trading, self-custody, and cross-chain asset bridging, alongside introducing perpetual swaps and crypto staking in the US.
Robinhood is launching its own blockchain to support trading of 'Stock Tokens' representing over 200 companies, including private firms like SpaceX and OpenAI, initially on Arbitrum and later on its own layer 2 chain, aiming to make crypto-based stocks accessible and easy to trade in the EU, as part of its broader expansion into crypto products amid a more favorable regulatory environment.