Robinhood stocks returned 100 dollars, swelling 30% after S&P 500 snub

Cannes – Marvelous For the first time, the action reached a sign of $ 100, disconnecting a week of fresh highs over the whole time and updated investors’ trust.

Now stock has been tracking their best performance since April, more than 30% since abandon from the S&P 500.

The milestone stems from the main strategic scope in Europe, where Robinding has introduced its most ambitious Expansion of the cry To date, one is aimed at refurbishing the financial infrastructure itself.

At the event, which took place in the Belle époque mansion along the French Riviera, the Robinhood’s executives posted a vision to bring thousands of toques, ETFs and private stocks completely on the chain.

“This presentation and these products are double designed,” ” CEO Vlad Tennen told CNBC in Cannes. “The first goal is obviously delivering users of excellent products, but I believe that the second goal is to simply demonstrate very specifically how great it can be if Crypto Technology and traditional financial services can completely unite.”

To this end, Robinhood started building its own blockchain quietly using Ethereum scaling technology to support 24/5 trading. It also launched tokenized stocks Openai and SpaceX – non -list companies – for European users, which notes the shift in how and where investors of retailers can get the impact of the best technological names.

“We thought we would just do,” Tennen said. “We don’t want to talk much. We just want to put the product in the customer’s hands.”

Crypto Robinhood General Johann Kerbrat repeated moods, saying that the company is just starting to work.

“In the future, we believe that we can extend it to thousands of tokens representing different types of financial instruments – from US shares and international shares to private capital,” he said. “What we showed today with SpaceX and Openai is just a look at what we plan is still ahead.”

Robinhood’s revenue rose 50% compared to the year 1 quarterAnd the company just this week launched a rate in the US – a function previously blocked by regulators.

See: Crypto GM Robinhood discusses running digital assets for customers entitled to the US