Robinhood shares rise amid the pushing and distinctive code star-news.press/wp

Robinhood’s strategic embrace of Blockchain technology and the distinctive symbol has fueled about 30 % in its stock during the past month, highlighting the new mediation growth programs despite the organizational audit of some of its products.

Robinhood shares, which were traded under Hood Ticker Hood, rose on Wednesday to $ 94.65 in New York Trading, which was placed within 4 % of a group of highly high majority on July 2.

The stock rose more than 27 % during the past month and increased by 137 % on an annual basis, raising the market value to more than 82 billion dollars.

While the Robinhood share price was raised through a group of factors-including increasing revenues by 50 % on an annual basis in the first quarter to 927 million dollars-its gains accelerated at the end of June after the company revealed a group of blocks that focus on the distinctive symbol.

It was built on arbitrary, will be able to Blockchain new Robinhood to offer distinguished American stocks and products traded to exchange for investors in Europe.

In the United States, Robinhood has also suggested creating asset exchange in the real world, which is a platform for the onchain level of real assets.

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The CEO of Robinhood is a distinctive symbol

Investors have received the payment of the distinguished code for Robinhood, but the organizers in Europe raised concerns about the so -called company’s distinctive stock offers, which were reported to provide exposure to private companies.

Central Bank of Lithuania – the main organization of Robinhood in Europe – requested more information about its symbolic offers related to the Openai and Spacex.

Vlad Tenev, CEO of Robinhood, explained that these products are not technical stock offers but still give investors these companies. according to Galaxy ResearchSpecial stock icons such as “derivatives” that provide indirect exposure to non -public companies work.

In an interview on Tuesday with Bloomberg NewsTENEV said that many private companies have dealt with Robinhood about making property rights within the reach of investors through the same type of special symbols of private shares used in Spacex and Openai.

Related to: Openai says that Robinhood symbols are not shares in the company