Robinhood expands its crypto product line with the launch of futures, staking, and tokenized stocks, and announces its Layer-2 scaling network.

Robinhood has announced a suite of crypto features and services aimed at becoming a global digital finance platform. The company will launch staking services for ETH and SOL on Tuesday (December 9th), initially in New York, with plans to expand nationwide upon regulatory approval. New services also include a tiered fee structure for high-net-worth U.S. traders, an enhanced crypto trading API, and cost-based tracking for simplified tax reporting.

In the European market, Robinhood has added perpetual futures contracts for tokens such as XRP, Dogecoin, and SUI, offering leverage up to 7x. This follows its previous launch of perpetual futures for BTC and ETH. Furthermore, European users will be able to trade over 1,000 tokenized US stocks and money market funds. The company also announced its Layer-2 scaling network project, officially named Robinhood Chain.