Robinhood just rolled out crypto services across the European Union, and announced perpetual futures, tokenised stocks, crypto staking in the US, an AI assistant, and its own blockchain during a keynote event in Cannes.
“We have a chance to prove to the world what we’ve believed all along, that crypto is much more than a speculative asset,” said Vlad Tenev, Robinhood’s CEO. “It has the potential to become the backbone of the global financial system.”
The news highlights not just Robinhood’s latest foray into the world of digital assets, but also how the wider fintech and traditional finance industries are muscling into the crypto industry.
EU rollout
Having only been available in six nations, the full app will now be available across the EU, the European Economic Area, and the United Kingdom.
The rollout, which is planned for later this summer, comes on the back of Robinhood acquiring its Markets in Crypto-Assets, or MiCA, licence, which allows it to operate in the EU.