Robinhood plans blockchain launch with $927 million revenue boost

Robinhood is reportedly preparing to launch its own blockchain network, according to sources with direct knowledge of the project.

The initiative aims to enable European clients to trade U.S. equities through a proprietary blockchain platform.

Bloomberg reported that Robinhood has evaluated Ethereum (CRYPTO:ETH) layer two solution Arbitrum (CRYPTO:ARB) and layer one network Solana (CRYPTO:SOL) as potential partners for the development.

Negotiations are ongoing, and no formal agreements have been finalised, according to insiders.

This move follows a trend among digital asset firms, with Coinbase launching its Base chain and Kraken introducing its Ink network.

Robinhood has not publicly commented on the blockchain project as of this report.

The company posted strong financial results in the first quarter of 2025, with total net revenues rising 50 percent year-over-year to $927 million.

Transaction-based earnings increased by 77 percent to $583 million, driven largely by the crypto division.

Cryptocurrency transaction revenues doubled to $252 million compared to the previous year, representing over 43 percent of Robinhood’s total transaction income.

Bloomberg’s Muyao Shen noted that Robinhood’s blockchain rollout is expected to coincide with a partnership involving a digital asset firm.

The initiative reflects Robinhood’s broader strategy to expand its presence in digital finance and capitalise on growing crypto market demand.

Industry observers view the development as a significant step for Robinhood in competing with peers who have already launched proprietary blockchain networks.

The company’s blockchain project is still in the negotiation phase, and further details are awaited.

This effort aligns with Robinhood’s recent financial growth and increased focus on cryptocurrency services.