Beyond the Robinhood Chain ecosystem, the company announced several additional product launches and international expansion efforts. Robinhood said it will expand its perpetual futures trading in Europe to include commodities, ETFs, and foreign exchange markets in addition to cryptocurrencies. The company also said it plans to launch cryptocurrency trading in the UK, and after acquiring WonderFi, its services are now available in Canada.
The company also announced Agenttic Accounts for cryptocurrencies, an AI-powered trading tool. This will allow eligible US users to connect their AI models to Robinhood’s trading infrastructure while maintaining control over capital allocation and trading parameters.
“Decentralized finance unlocks potential beyond what traditional finance can offer, but historically it has required technical expertise to make it happen,” said Johan Kerblatt, senior vice president of cryptocurrencies at Robinhood.
Robinhood’s product push shows how the lines between cryptocurrencies and traditional finance continue to blur. The intermediary has steadily expanded beyond stock and crypto spot trading into tokenized stocks, derivatives, and event contracts, better known as prediction markets. This strategy fits into the race for “everything exchanges” that host all kinds of trading and financial activities under one roof, and increasingly on blockchain rails.
At the same time, the company announced last month that it would lay off about 290 people, or 10% of its workforce, to streamline its organization and management structure.
