BiyaPay Analyst: Robinhood's stock price rose by 13% due to favourable information on tokenization.

BlockBeats news, on July 1st, Robinhood’s stock price rose by 13%, marking its best single-day performance since April 9th. Robinhood’s CEO announced that the company plans to expand its tokenized trading of U.S. stocks from the current 200 to “thousands” by the end of this year. Additionally, Arbitrum (Arb) also rose by 20%, attracting widespread attention in the market. Robinhood is accelerating the expansion of its crypto business, planning to launch its own blockchain and introduce “stock tokens” in the EU market. Recently, the company launched a tokenized stock trading product based on the Ethereum Layer 2 network Arbitrum for European users, supporting over 200 U.S. stocks and ETFs, and enabling all-day trading on weekdays. Robinhood stated that this initiative upgrades its European crypto platform to a “crypto-driven all-in-one investment platform.” Robinhood is building a Layer 2 blockchain optimized for tokenized assets, expected to support all-day trading, self-custody, and cross-chain transfers of tokenized assets. As a leading cross-border payment platform, BiyaPay also provides users with convenient crypto assets trading services. The platform supports spot and futures trading for over 200 crypto assets, including Bitcoin and Ethereum, and offers zero-fee open orders trading functionality. Even more conveniently, BiyaPay also supports USDT trading for U.S. stocks, Hong Kong stocks, and other global equities, allowing users to participate in stock trading in real time without needing to apply for an offshore account.