Robinhood stock soars on global expansion, AI agents, and a push for '24/7' trading

What happened: Robinhood (HOOD) jumped arsenic overmuch arsenic 7% connected Thursday.

What's down the move: The trading level announced a flurry of developments during its archetypal UK-based event, including perpetual futures for commodities, AI trading, and caller banal tokens that are tradable 24/7.

Robinhood, known arsenic a retail trading level successful the US, has been expanding internationally, launching successful Europe and the UK past year.

It besides rolled retired Robinhood successful Canada for crypto products and has received its Singapore licence to grow there.

"We spot a batch of request for this thought of having a precise simple, casual to usage UX and UI and enactment the customers archetypal and not adding a batch of fees similar immoderate of our competitors," Johann Kerbrat, Robinhood crypto vice president and wide manager, told Yahoo FInance connected Thursday.

The institution has besides leaned into agentic AI. Customers tin make their ain agents to analyse their investments, find opportunities, and marque trades.

"It's going to level the playing ground, and it's going to marque retail capable to enactment successful the marketplace a batch much than they utilized to be," said Kerbrat.

What other you request to know: The institution said it's giving eligible European customers entree to perpetual futures contracts with nary expiration day — linked to assets specified arsenic gold, silver, crude oil, and overseas speech rates.

"Perps" person go fashionable connected decentralized platforms similar Hyperliquid successful the weeks pursuing the warfare successful Iran. Traders person stake connected lipid prices connected weekends, erstwhile accepted markets are closed.

Robinhood besides announced the motorboat of the nationalist mainnet of Robinhood Chain, a Layer 2 blockchain that provides a turnkey situation for builders.

Ines Ferre is simply a elder concern newsman for Yahoo Finance. Follow her connected X astatine @ines_ferre.

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