Robinhood's shares reached an all-time high on June 30, 2025, following the announcement of tokenized stock trading on the Ethereum layer-2 network Arbitrum. The stock surged by 11.25% to $92.37, reflecting a remarkable 148% increase since the beginning of the year. The trading platform now allows European customers to trade U.S.-listed stocks and ETFs as tokens and also introduced Ethereum and Solana staking options. This move comes after the company secured a MiCA license, enabling it to serve users in over 27 regions. Robinhood's CEO Vlad Tenev highlighted the capabilities of Arbitrum during a presentation, demonstrating the successful trading of a digital version of OpenAI stock. Analysts suggested that tokenized trading could enhance Robinhood’s revenue from margin trading. The increasing emphasis on crypto has significantly impacted Robinhood's business model, with reported crypto revenue soaring to $252 million in the second quarter, a 100% increase compared to the previous year.

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