Robinhood fueled a day-trading boom during the pandemic, but CEO Vlad Tenev said on a podcast that many traders eventually adopt a more passive style.

The stock tokens give E.U. investors exposure to hundreds of U.S. stocks, as well as to private companies SpaceX and OpenAI.

Co-founder and CEO Vlad Tenev said Robinhood's new offerings "lay the groundwork for crypto to become the backbone of the global financial system." Shares of Robinhood Markets jumped a further 5% Monday morning to about $98 after touching a record $99.06 soon after markets opened. They are up more than 160% in 2025.