Robinhood's stock has surged back to record highs, largely driven by a significant boom in the cryptocurrency market. The company's revival is attributed to increased trading activity among retail investors, who are capitalizing on the recent rise in digital asset values.
Robinhood has expanded its tokenization efforts to include 500 US stocks and ETFs on the Arbitrum blockchain, allowing users to trade fractional shares of these assets. This move aims to enhance accessibility and democratize investing by leveraging blockchain technology for improved transaction efficiency and lower costs.