Robinhood rolled out a major product expansion adding perpetual futures, custodial staking and tokenized U.S. equities, a move that has materially increased platform engagement. The company reported $232 billion in crypto trading volume after the launch, with the expansion spanning the EU, the U.S. and a targeted entry into Indonesia, and the rollout immediately drew regulatory scrutiny while prompting notable market reactions that set the stage for the next phase of its global crypto strategy.
Expanded product suite and Layer-2 infrastructure
Robinhood introduced three core product lines that broaden its crypto footprint and real-world asset coverage. In the European Union, the firm launched stock tokens—derivative contracts that track the prices of more than 200 U.S. equities and ETFs, offering 24/7 trading with a 0.10% foreign-exchange fee and dividend support. The initial deployment used Arbitrum, and the company signaled plans for a proprietary Layer-2, branded Robinhood Chain, optimized for tokenized real-world assets.
In parallel, Robinhood began offering perpetual futures in the EU with up to 7x leverage on assets including XRP, Dogecoin and SUI, extending an earlier BTC and ETH product. Perpetual futures are derivative contracts with no fixed expiry that track an underlying asset’s price using funding payments to anchor contract value, and orders are routed through a perpetual futures venue acquired for $200 million. This leveraged derivatives offering deepens Robinhood’s exposure to perpetual futures while relying on an acquired venue as the execution layer.
The platform also opened custodial staking for ETH and SOL to eligible U.S. customers, with staking already available across the EU/EEA. Robinhood set a $1 minimum for participation and briefly ran deposit-boost promotions, while it relisted SOL, ADA and XRP and added PEPE, bringing the roster to 19 supported digital assets. The combination of low staking thresholds, regional availability and an expanded asset list is designed to increase user participation across both conservative and speculative segments.
As part of its global strategy, Robinhood announced an acquisition plan in Indonesia, buying regulated local brokerage PT Buana Capital Sekuritas and digital asset trader PT Pedagang Aset Kripto on December 8, 2025, with services slated for the first half of 2026. The company cited local pools of roughly 19 million stock investors and 17 million crypto users as the target market, positioning the platform for growth in a large retail base.
The announcements coincided with a sharp equity market response: Robinhood Markets (HOOD) surged by about 11.25% to 12.8 on July 1, 2025, reaching new highs. Platform metrics cited after the rollout included $51 billion in customer assets held on the platform, underscoring the commercial impact of the new product set. “We’re onboarding the world to crypto by making it as easy to use as possible—with the goal of bringing powerful tools into one intuitive platform,” said Johann Kerbrat, GM and SVP of Robinhood Crypto.
The product mix immediately raised regulatory and custody concerns. Tokenized representations of private companies prompted public disavowals from firms named in the listings, and the Bank of Lithuania and other EU authorities probed disclosures around the token product. In the U.S., state regulators targeted novel prediction-market products, issuing cease-and-desist actions in some jurisdictions, while the platform’s custodial model—users cannot transfer purchased cryptocurrency to external wallets—remains a focal point for consumer-protection scrutiny. These developments highlight a growing tension between rapid product innovation, the use of tokenized instruments and evolving regulatory expectations across multiple markets.
Robinhood’s expansion materially broadens its crypto product footprint and accelerates its international push, but it also concentrates regulatory and custody risk across jurisdictions. The strategy positions Robinhood as a more global, crypto-focused platform while exposing the firm to intensified oversight of its derivatives, tokenization and custodial practices.