Robinhood Eyes UK Expansion as Crypto Trading Surges
Robinhood, the popular U.S. trading platform, is considering expanding its prediction markets to the United Kingdom. Meanwhile, tech giants Samsung and Walmart have joined the crypto fray by offering Bitcoin and Ethereum trading to their users. Robinhood's stock has soared recently, with a 47% increase in a month and a 21.69% rise in the past five days.
Robinhood's expansion plans come as the company's stock surged nearly 47% in a month, nearing $150. The platform is also exploring prediction markets in the U.K., indicating a growing interest in international markets. Adding to the bullish sentiment, investment bank Benchmark has tripled its price target for Bakkt Holdings, a cryptocurrency exchange operator.
In the world of crypto trading, CME Group, the world's largest futures exchange, plans to introduce 24/7 trading for crypto futures and options starting early 2026. This move could significantly boost liquidity and accessibility in the crypto market.
During this period, Robinhood's stock gained 21.69% in the past five days. The company also announced enabling Bitcoin and Ethereum trading within their mobile app. Walmart, the retail giant, has also joined the crypto trend by adding Bitcoin and Ethereum trading to its OnePay payment app, opening up the crypto market to its 3+ million monthly users. Furthermore, strategy preferred stock offerings are now available on Robinhood's platform, providing users with more investment options.
Robinhood's potential expansion into the U.K. and its recent stock surge, along with the integration of crypto trading by major companies like Samsung and Walmart, signal a growing interest and acceptance of cryptocurrencies. As more companies embrace crypto, the market is expected to become more accessible and mainstream.
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