According to @StockMKTNewz, digital brokerage Robinhood (HOOD) is significantly expanding its cryptocurrency offerings by developing its own Layer-2 blockchain based on Arbitrum (ARB) technology. The company has launched tokenized stock trading on the Arbitrum network for European users, providing 24/7 access to over 200 U.S. equities and ETFs, as stated in a company release. For U.S. investors, Robinhood has introduced crypto staking for Ethereum (ETH) and Solana (SOL), allowing users to earn rewards directly within the application. Additionally, the firm is rolling out perpetual futures for European clients through its recently acquired Bitstamp exchange. Robinhood CEO Vlad Tenev stated that these initiatives aim to lay the groundwork for crypto to become the 'backbone of the global financial system'.