Robinhood Markets shares are trading higher on Monday as traders react to the company’s crypto expansion push, with the broader tape also supportive as the Financials sector is up 0.5% and the S&P 500 is gaining 0.8%.

Robinhood shares rose nearly 4% after the company launched Robinhood Chain, tokenized stocks, and DeFi lending products at its London event on July 1.

Robinhood Markets shares are trading higher on Monday as traders react to the company’s crypto expansion push, with the broader tape also supportive as the Financials sector is up…

Robinhood Chain launched on Arbitrum with Stock Tokens tracking 200+ US equities in 120+ countries. Analysts say success could triple tokenized stock market