Fintech brokerage firm Robinhood is said to be exploring options to develop a blockchain network that will enable retail investors in Europe to trade in US securities. According to Bloomberg, which cited an anonymous source, the US based brokerage is looking for a ‘partnership with a digital-asset firm’ and companies like Layer 2 blockchain Arbitrum as well as Ethereum and Solana are being considered.
Robinhood, which has not been able to offer Europeans the ability to trade U.S. stocks, launched cryptocurrency trading in Europe in 2023. In April 2025, it acquired a brokerage license in Lithuania that allows the firm to offer investment services throughout the European Union.
Meanwhile, the company also declared its Q1 earnings, wherein its crypto revenue plummeted nearly 30% (QoQ) to $252 million. The fall could be attributed to the US tariff turmoil, which triggered an 18% fall in the crypto market cap in Q1 according to a Coin Telegraph report.
Crypto trading volume on the platform also fell 35% (QoQ). The firm also added $500 million to its now $1.5 billion buyback authorization program, which so far has bought back $667 million worth of shares. Earlier in 2024, Robinhood had also inked a deal to purchase crypto exchange Bitstamp and is hoping to receive regulatory approval in the middle of 2025.
Robinhood share prices were trading 1.5% higher at $49.99 at the time of reporting
Source: Data from Refinitive