Hassan Maishera
On Monday, the Arbitrum team announced via X that Robinhood is now onchain with Arbitrum. Arbitrum will serve as Robinhood's rails to merge DeFi and TradFi. Robinhood will launch tokenized stocks on Arbitrum One, and later, a Robinhood Layer 2 blockchain utilizing the Orbit stack.
Robinhood will be issuing 200+ US stock and ETF tokens on Arbitrum One, for EU customers directly in their Robinhood app. Robinhood is utilizing Arbitrum's technology to grow its core business, expand into new markets, and offer EU customers a trading experience that's on par with the one U.S. users know.
Arbitrum is a suite of scaling solutions on Ethereum that utilize Optimistic Rollup. It allows users to enjoy faster speed and cheaper transaction costs when interacting with web3 dApps. ARB, the native coin of the Arbitrum network, is down 6.7% today and is trading at $0.3452.
