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Robinhood Chain: Trading Stocks 24/7 Globally
15 Jul
Summary
- Robinhood launched its L2 Ethereum network on July 1.
- Users can trade tokenized stocks 24/7 in over 120 countries.
- The network is AI-native, designed for autonomous agents.
On July 1, Robinhood Markets introduced the Robinhood Chain, a Layer-2 network built on Ethereum technology from Arbitrum. This innovative platform allows Robinhood's 28 million users to engage in 24/7 trading of tokenized U.S. stocks in over 120 countries worldwide.
The network is described as "AI-native," with autonomous software agents identified as a primary user group. This strategic focus suggests a future where artificial intelligence plays a significant role in financial transactions, particularly with tokenized equities.
Robinhood's integration with Arbitrum's technology offers mutual benefits. Ten percent of the net protocol fees generated on the Robinhood Chain will be channeled back to the Arbitrum ecosystem, with 8% designated for its tokenholder-controlled treasury. This marks a substantial connection between on-chain activity and Arbitrum's value.
Furthermore, the platform extends its agent framework to include crypto, options, and futures, aiming to enable agents to transact in major financial assets without direct human intervention. This move positions Robinhood to potentially capture a significant portion of next-generation financial applications built on blockchains.
