Robinhood launches public blockchain and outlines UK crypto trading plans

Robinhood has rolled out its public blockchain mainnet after months of testing and announced plans to offer crypto trading to UK residents. The company also introduced a suite of decentralized finance products.

Robinhood launches public blockchain and outlines UK crypto trading plans

What happened?

Robinhood has rolled out its public blockchain mainnet after months of testing and announced plans to offer crypto trading to UK residents. The company also introduced a suite of decentralized finance products.

Why it matters

Robinhood has launched its public blockchain mainnet following months of testing, while also announcing plans to bring crypto trading to residents of the United Kingdom. The company unveiled a suite of decentralized finance products alongside the rollout.

Robinhood has launched its public blockchain mainnet following months of testing, while also announcing plans to bring crypto trading to residents of the United Kingdom. The company unveiled a suite of decentralized finance products alongside the rollout.

The developments expand Robinhood’s presence across several parts of the crypto ecosystem. A public mainnet gives users broader access to its blockchain, while the planned UK service would extend the company’s crypto trading operations to a new market.

Robinhood’s DeFi products add another element to that expansion. Together, the blockchain launch, decentralized finance offerings and UK trading plans indicate a broader push beyond the company’s existing crypto services.

The announcement did not specify when crypto trading would become available to UK residents. Further details on access, product availability and the public mainnet’s adoption will determine how the initiative develops.

Source: Cointelegraph

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