Robinhood launches its own Layer 2 mainnet, Robinhood Chain

U.S. stock and crypto trading app Robinhood (HOOD) has launched the public mainnet for its own Layer 2 network, Robinhood Chain, built on Arbitrum (ARB), marking a full-scale entry into decentralized finance infrastructure, CoinDesk reported. The company's stock token product, available in 120 countries, has also officially gone live. Robinhood Chain has also unveiled Robinhood Earn, a decentralized lending product offering a 7% annual yield. Additionally, Robinhood is expanding its perpetual futures trading in Europe to include commodities, ETFs, and forex. The company also plans to launch crypto trading services in the UK and expand into Canada following its acquisition of the crypto platform WonderFi. For its U.S. users, Robinhood has released an AI-based trading tool called "Agentic Accounts."