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Robinhood Builds AI-Native Crypto Network | Business and Finance News
Description
Robinhood just launched its own Ethereum layer-two network, Robinhood Chain, powered by Arbitrum and designed to bridge traditional finance and crypto — even calling it “AI-native” to support AI-driven trading. The move unlocks new uses for their Stock Tokens, letting users in select countries (excluding the U.S.) lend or use them as collateral in DeFi. The goal? Demystify DeFi and merge the best of both worlds for broader access. They’re also upgrading their wallet with direct perpetual trading and a new “Robinhood Earn” feature offering ~7% APY on stablecoin lending, while expanding into Canada, Singapore, and soon the U.K. Despite recent crypto layoffs, Robinhood’s stock surged over 8% following the announcement — proving investor confidence remains strong.
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