Robinhood’s stock hit record highs with its crypto token launch, but shares slid after OpenAI denied involvement, warning the tokens aren’t legitimate equity.

Robinhood Markets (Nasdaq: HOOD), the platform offering stocks and crypto trading, announced the launch of tokenized stocks ...

OpenAI publicly disavowed Robinhood’s new tokenized equity product on Monday after the trading platform launched crypto-based “OpenAI tokens” in Europe, according to CNBC. OpenAI stated on X that the ...

Analysts at research and brokerage firm Bernstein have expressed optimism about the future of equity tokenization despite the ...

Stock investors have been bullish on Robinhood's push into tokenization and other new product offerings.

Robinhood Markets’ HOOD shares are trading at a massive premium to the industry. At present, the company has a forward price/earnings (P/E) of 67.23X compared with the industry average of 14.81X.

Robinhood's super-app vision is ambitious, integrating brokerage, blockchain, and banking to create a closed-loop financial ...

Robinhood is offering tokenized U.S. stocks and ETFs across Europe, crypto staking in the U.S., perpetual futures for eligible EU traders, and a new blockchain.

Robinhood has also introduced crypto perpetual futures to the EU, offering up to 3x leverage for eligible users. This launch is designed to provide active traders with more sophisticated tools in ...