NEW YORK, July 2, 2026, 07:06 EDT
- Robinhood Markets, Inc. NASDAQ:HOOD last stood at $108.65 after an 8.35% gain, giving it a market value of about $99.4 billion.
- June-to-date data showed event contracts and Bitstamp crypto volumes running ahead of May’s full-month totals.
- The July 1 product push adds UK crypto plans, wider EU perpetual futures, Stock Tokens and Robinhood Earn.
- Nasdaq says U.S. stock markets are open Thursday but closed Friday for Independence Day observed.
Robinhood Markets, Inc. NASDAQ:HOOD enters Thursday’s final U.S. stock session of the holiday-shortened week with a new problem for bulls: the share price has already paid for more than a crypto headline. The stock last stood at $108.65, up 8.35% from the prior close, with a market value of about $99.4 billion. Nasdaq 100 futures were down 0.5% early Thursday, with regular U.S. trading still ahead.
The fresh angle is in the June operating data. Through June 25, Robinhood’s selected volumes had already topped May’s full-month totals in every disclosed trading bucket. Event contracts were the outlier, up about 33% versus May, while Bitstamp crypto volume rose far faster than Robinhood app crypto volume. That matters because the July 1 London product launch leaned heavily on DeFi, international crypto and derivatives, not just the U.S. brokerage app. Robinhood Markets, Inc.
| Activity | May 2026 full month | June 1-25 | June-to-date vs May |
|---|---|---|---|
| Equity notional volume | $315.3 bln | $343 bln | +8.8% |
| Options contracts | 231.1 mln | 274 mln | +18.6% |
| Crypto notional volume | $12.2 bln | $14 bln | +14.8% |
| Event contracts | 3.9 bln | 5.2 bln | +33.3% |
| Robinhood app crypto | $5.9 bln | $6 bln | +1.7% |
| Bitstamp crypto | $6.3 bln | $8 bln | +27.0% |
Robinhood said Wednesday it launched the public mainnet of Robinhood Chain, made new Stock Tokens available in more than 120 countries, began rolling out Robinhood Earn to eligible U.S. users at an estimated 7% APY, and broadened European perpetual futures into commodities, ETFs and foreign exchange. It also said it plans to launch crypto trading in the UK, is now available to Canadian residents after its WonderFi acquisition, and has received a Singapore capital markets services licence from the Monetary Authority of Singapore.
Johann Kerbrat, Robinhood’s SVP and general manager of crypto and international, said “decentralized finance unlocks possibilities beyond what traditional finance can offer.” The company said eligible European investors can trade perps tied to gold, silver, crude oil, QQQ, EUR/USD and other assets with leverage up to 10 times. Robinhood
The risk for investors is that the stock is now valued as if those new products can turn volume into revenue at scale. At the current market value, Robinhood trades at about 26 cents for every $1 of its May platform assets and about $3,590 per funded customer, using the company’s 27.7 million funded customers and $377 billion in platform assets at the end of May.
Q1 still shows why the market wants a broader engine. Transaction-based revenue rose 7% to $623 million, but crypto revenue fell 47% to $134 million. Other transaction revenue, which includes event contracts, jumped 320% to $147 million. CFO Shiv Verma said at the time that customers “remained engaged and rapidly adopted new products.” Robinhood Markets, Inc.
| Q1 transaction line | Revenue | Year-on-year change |
|---|---|---|
| Options | $260 mln | +8% |
| Other transaction revenue | $147 mln | +320% |
| Crypto | $134 mln | -47% |
| Equities | $82 mln | +46% |
That puts Thursday’s stock action on a narrow track. A sustained move above Wednesday’s close would suggest investors are treating Robinhood’s international crypto and event-contract push as a new growth leg. A fade would put attention back on the May-June split: the strongest crypto growth came from Bitstamp, while Robinhood app crypto barely cleared May’s full-month volume by June 25.
Coinbase Global Inc. NASDAQ:COIN, a cleaner crypto-trading peer, last stood at $159.24, up 8.91%, with a market value near $42.2 billion. Robinhood’s market value is now more than twice Coinbase’s, even though Robinhood is still trying to prove that crypto, perps, stock tokens, lending and prediction markets can sit inside one consumer finance app without adding a fresh regulatory discount.
Thursday is the week’s last U.S. cash-equity session. Nasdaq lists July 3, 2026, as closed for Independence Day observed, and regular Nasdaq trading hours are 9:30 a.m. to 4:00 p.m. Eastern Time.
