Robinhood Markets 18.95 Billion Trading Volume Ranks 26th as Blockchain Expansion Plans Unveiled

On May 7, 2025, Robinhood Markets (HOOD) saw a trading volume of $18.95 billion, ranking 26th in the day's stock market activity. The stock price rose by 2.67%, marking the second consecutive day of gains, with a total increase of 4.04% over the past two days.

Robinhood is actively developing a blockchain-based platform to facilitate the trading of U.S. securities, such as stocks, for retail investors in Europe. This initiative is part of the company's broader strategy to expand its presence in the European market. Robinhood has already secured a brokerage license in Lithuania, which allows it to offer investment services across the European Union. The platform aims to tokenize securities, converting real-world assets into digital tokens that can be traded on a blockchain. This process offers several advantages, including reduced costs, enhanced accessibility, faster settlement times, and quicker transactions.

Robinhood's CEO, Vladimir Tenev, highlighted the transformative potential of blockchain technology, noting that it can significantly streamline processes compared to traditional methods. The company is reportedly in discussions with two crypto firms, Arbitrum and the Solana Foundation, to partner on this project. However, no formal agreements have been finalized as of yet. This move aligns with a broader trend in the financial industry, where more traditional firms are exploring blockchain-based solutions to enhance their services and remain competitive.