Robinhood Markets Inc. (NASDAQ:HOOD) has launched Stock Tokens, a groundbreaking offering that blends traditional stock market investing with blockchain technology, now available to European Union customers.
What Are Stock Tokens?
These tokens, derivatives tracked on the blockchain, mirror the prices of over 200 U.S. stocks and ETFs, including giants like Nvidia Corp. (NASDAQ:NVDA), Apple Inc. (NASDAQ:AAPL), and Microsoft Corp. (NASDAQ:MSFT), providing exposure to the U.S. market without owning the actual stocks.
How And When Can EU Users Trade Stock Tokens?
To trade, users must sign up, provide a tax identification number, complete a knowledge check, and agree to the terms.
Stock Tokens are accessible via the Explore tab on Robinhood’s app, where users can search by ticker or name, place buy or sell orders in quantities or EUR values, and review orders on the Stock Token Detail Page.
Funds from sales are available for trading instantly but require a one-business-day hold for withdrawals.
What Are The Charges To Trade Stock Tokens?
Stock Tokens are traded in USD but automatically …