Robinhood Markets (Nasdaq: HOOD) launched the Public Mainnet of Robinhood Chain at a London keynote, positioning the blockchain platform as central to its global expansion strategy. The company described the initiative as its most ambitious global expansion and product vision to date, designed to bridge traditional finance and decentralized finance (DeFi). The mainnet is built using the Arbitrum Platform and connects to Robinhood's on-chain users, with partnerships including Uniswap, Pleiades, Alchemy, BitGo, and Chainlink.
Robinhood Chain Mainnet Launches on Arbitrum Platform With DeFi Partnerships
Robinhood officially announced the Public Mainnet launch of Robinhood Chain. The platform is built using the Arbitrum Platform and connects to Robinhood's on-chain users. Partners include Uniswap and Pleiades, with integrations from Alchemy, BitGo, and Chainlink.
The chain supports real-world assets and DeFi functions like lending and borrowing. Johann Kerbrat, Robinhood's senior vice president and general manager of crypto and international, stated the company is combining traditional finance and DeFi.
Stock Tokens Roll Out in 120+ Countries With 24/7 Trading Access
Stock Tokens are available in more than 120 countries via Robinhood Wallet, with access varying by jurisdiction. Eligible users can trade them 24/7 on Robinhood Chain and use them in supported DeFi applications, including lending pools and as trading collateral.
Robinhood Earn Begins US Rollout With 7% APY USDG Lending
Robinhood announced it is starting to roll out Robinhood Earn to eligible US users, marking the first decentralized lending product available directly through the main Robinhood app. Robinhood Earn allows lending of USDG through a self-custody wallet at an estimated 7% APY.
Insurance procured through Lloyd's of London and RELM is intended to protect covered losses resulting from cyber or smart contract exploits. The lending infrastructure is powered by Morpho.
Global Expansion Reaches 38 Countries With New Licenses and Trading Products
Robinhood currently serves nearly 28 million customers across 38 countries. The company plans crypto trading in the U.K. and has launched in Canada. Robinhood Singapore received a capital markets services license from the Monetary Authority of Singapore (MAS).
In Europe, commodity, ETF, and FX perpetual futures are expanding with up to 10x leverage. In the U.S., maker fees for crypto trading can drop to 0% based on volume.
FAQ
What is Robinhood Chain and when did it launch?
Robinhood Chain is a blockchain platform built on the Arbitrum Platform that Robinhood Markets officially launched as a Public Mainnet at a London keynote. The platform connects to Robinhood's on-chain users and supports real-world assets and DeFi functions like lending and borrowing, with partnerships including Uniswap, Pleiades, Alchemy, BitGo, and Chainlink.
How does Robinhood Earn work for US users?
Robinhood Earn is a decentralized lending product rolling out to eligible US users through the main Robinhood app. It allows users to lend USDG through a self-custody wallet at an estimated 7% APY, with lending infrastructure powered by Morpho and insurance procured through Lloyd's of London and RELM to protect covered losses from cyber or smart contract exploits.
In how many countries are Robinhood Stock Tokens available?
Stock Tokens are available in more than 120 countries via Robinhood Wallet, with access varying by jurisdiction. Eligible users can trade them 24/7 on Robinhood Chain and use them in supported DeFi applications including lending pools and as trading collateral.
