Robinhood Stock to be Included in New 24/7 Tokenized Trading Platform
Robinhood Markets, Inc. stock is among the assets selected for a new 24/7 tokenized stock-trading platform launching on November 23, 2026, by the OKXICE joint venture.
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Robinhood Markets, Inc. stock is among the assets selected for a new 24/7 tokenized stock-trading platform launching on November 23, 2026, by the OKXICE joint venture.
The CFTC has approved single-stock perpetual futures (perps) for U.S. trading, offering a simpler alternative to traditional options with built-in leverage and no expiration dates. Kalshi launched the first regulated single-stock perps in early November, while other platforms like TradeXYZ and Charles Schwab are positioning to enter the market. However, legal challenges from Wall Street trade groups could delay broader adoption by major brokerages.
Bitmine Immersion Technologies reported over $6 billion in unrealized losses for the most recent fiscal year, primarily due to mark-to-market impairments on its Ethereum holdings, while confirming it will continue its weekly accumulation strategy.
Standard Chartered predicts Arbitrum (ARB), a Layer-2 blockchain for traditional finance asset tokenization, could reach $10 by 2030 from its current $0.20 price, representing a potential 50x gain. The prediction is based on the tokenized asset market expected to grow from $340 billion to $4 trillion by 2030. Arbitrum collects 10% of protocol revenue and has already seen success with Robinhood Chain partnership, generating over $5 million in fees in September alone. However, risks include potential slowdown in tokenization adoption, competition from rivals like Base, and uncertainty about Layer-2 blockchain preference.
Robinhood's Q3 earnings revealed two standout metrics: Robinhood Chain generated $26 million in revenue in its first quarter on mainnet, while prediction markets brought in $173 million, growing sixfold year-over-year. Though traditional crypto trading revenue fell 55% YoY to $120 million, these new business segments suggest Robinhood is diversifying beyond cyclical crypto trading into infrastructure and event-based contracts. With 26 of 32 analysts rating the stock a buy, the key question remains whether these emerging businesses can sustain growth to justify the stock's 28x forward P/E ratio.
Leading cryptocurrencies fell further on Tuesday, November 10, as investors weighed hotter-than-expected consumer prices and the rising odds of an interest-rate hike.