Robinhood expands its cryptocurrency product line, launching futures, staking, and tokenized stocks, and announces its Layer-2 scaling network

According to Decrypt, Robinhood has announced the launch of a series of cryptocurrency features and services aimed at becoming a global digital financial platform.

The company will introduce staking services for ETH and SOL, initially launching in New York and planning to expand nationwide after obtaining regulatory approval. The new services also include a tiered fee structure for high-net-worth U.S. traders, enhanced cryptocurrency trading APIs, and cost basis tracking features to simplify tax reporting. In the European market, Robinhood has added perpetual futures contracts for tokens such as XRP, Dogecoin, and SUI, offering up to 7x leverage, following the earlier launch of perpetual futures for BTC and ETH.

Additionally, European users will be able to trade over 1,000 tokenized U.S. stocks and money market funds. The company also announced its Layer-2 scaling network project, officially named Robinhood Chain.