Robinhood Stock Soars 14% as Blockchain and AI Bets Pay Off

Robinhood's stock surged 14% this week after unveiling a wave of new products and features. The company launched Robinhood Chain, an Ethereum-based Layer 2 blockchain for tokenized assets.

The platform connects to DeFi networks including Chainlink and Uniswap, designed to underpin many of Robinhood's new crypto-facing features.

Alongside the launch of Robinhood Chain, the company expanded its perpetual futures product in European markets to cover commodities, ETFs, and foreign currencies.

The move comes as Robinhood plans to enable agentic AI trading, letting customers use AI agents to trade on their behalf. CEO Vlad Tenev said that AI agents will have the 'capability' of human traders.