Robinhood Markets Surges to 21st in Trading Volume with $2.64 Billion Day

On May 8, 2025, Robinhood Markets (HOOD) saw a significant increase in trading volume, reaching $2.64 billion, marking a 37.9% rise from the previous day. This surge placed Robinhood at the 21st position in terms of trading volume for the day. The stock price of Robinhood also rose by 8.16%, marking its third consecutive day of gains, with a total increase of 12.53% over the past three days.

Robinhood Markets Inc. is actively developing a blockchain-based platform aimed at enabling retail investors in Europe to trade US securities. 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 will facilitate the trading of tokenized securities, such as stocks, by converting real-world assets into digital tokens that can be traded on a blockchain.

Tokenization offers several advantages, including reduced costs by eliminating traditional financial infrastructure, enhanced accessibility, faster settlement times, and quicker transactions. This move aligns with a growing trend among brokerages and investment firms exploring asset tokenization. Robinhood's CEO, Vladimir Tenev, highlighted the transformative potential of blockchain technology, noting its ability to streamline processes that are currently cumbersome, such as the IPO process.

Robinhood's expansion into the European market is further supported by its acquisition of a brokerage license in Lithuania and a deal to purchase the crypto exchange Bitstamp. The company is reportedly in discussions with two crypto firms, Arbitrum and the Solana Foundation, to partner on this blockchain project. However, no final agreements have been reached as of now.