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first_img Robinhood has launched IPO Access in the UK, allowing retail investors to subscribe to new US stocks at the offering price

Robinhood announced the launch of its IPO Access service in the UK, allowing retail investors to submit purchase requests at the official offering price before new stocks officially trade on the US market. Users can submit applications through their regular investment accounts, with the app providing the prospectus and SEC documents for each available new stock for investors to review before deciding whether to subscribe. Robinhood stated that it is collaborating with a UK public offering platform provider to offer access to eligible initial public offerings.This service was first launched in the US in 2021, and Robinhood claims to have participated in over 50 IPOs since then, opening it up to millions of US customers. Jordan Sinclair, President of Robinhood UK, stated that bringing IPO Access to the UK aims to provide the same opportunities for UK retail investors to participate in investments in the next generation of innovative public companies.This launch is a continuation of Robinhood's expansion in the UK. Last year, the company acquired the exchange Bitstamp for $200 million and opened cryptocurrency trading to eligible UK customers through Bitstamp in August of this year, supporting the buying and selling of over 50 cryptocurrencies in its main UK investment app, alongside stocks, ISAs, options, and futures. In July of this year, Robinhood launched the Robinhood Chain mainnet and provided eligible users with 24/7 trading of tokenized stock products. Robinhood stated that there are no commissions for IPO subscriptions but cautioned that participating in IPO investments carries significant risks, with stock price volatility potentially being high, especially in the early stages of listing.

first_img Robinhood launches AI trading agent, perpetual contracts, and weekend stock trading

According to CoinDesk, brokerage Robinhood (HOOD) announced at the HOOD Summit held in Houston, Texas, that it will launch executable trading AI agents, cryptocurrency perpetual contracts with up to 10x leverage, and weekend trading for U.S. stocks, while extending options trading hours, providing more intraday margin, and introducing contracts based on corporate earnings metrics.Robinhood Agents allow customers to create AI agents within the app, choose models from OpenAI or Anthropic, and authorize them to access independent trading accounts. The agents can analyze the market, create watchlists, and trade stocks, options, and crypto assets. A feature called Loops allows customers to give long-term instructions to the agents to monitor the market and execute strategies when specific conditions arise. Since opening its trading infrastructure to external AI agents earlier this year, over 150,000 agent accounts have been created. By default, every trade proposed by the agent requires customer approval, and users can disable this protection; agents cannot use margin when they go live and can only utilize funds in dedicated accounts.Regarding perpetual contracts, Robinhood plans to offer them to eligible U.S. customers through Robinhood Derivatives and Bitstamp, initially focusing on crypto assets, with Bitcoin and Ethereum contracts having leverage up to 10x, while other supported assets starting at 3x. Additionally, Robinhood will provide earnings binary contracts through Cboe, allowing customers to trade directly on whether companies meet revenue, earnings per share, and other metrics; weekend trading will offer select stocks and ETFs through Bruce ATS.

The harsh truth of encrypted infrastructure and mergers and acquisitions: paid enterprise pilots are a dead end, mergers and acquisitions are the way out

Bitcoin.com published an article stating that the model of Web3 startups conducting corporate pilots by paying traditional financial institutions "is a dead end," with 95% of pilot projects failing to reach production environments. Web2 companies only want the idle venture capital and revenue sharing from startups, rather than their open-source innovations. The article argues that true defensiveness comes from a "structural moat"—compliance licenses, deep network liquidity, or distribution lock-ins that Web2 engineering teams cannot replicate.The article cites recent cases: Stripe was acquired for $1.1 billion after proving an annual cross-border transaction volume of $5 billion with Bridge, and Robinhood acquired Bitstamp for $200 million to gain 50 global regulatory licenses and institutional liquidity, rather than maintaining long-term vendor relationships. The article predicts that the next round of B2C expansion will present an 80/20 pattern: 80% of retail liquidity will be controlled by 3 to 5 Web2/fintech giants such as Visa, Stripe, Robinhood, PayPal, and BlackRock, providing compliance and fiat entry; 20% will be an unlicensed DeFi sandbox for validating initial product-market fit. The growth path for startups should be to first validate PMF in the DeFi sandbox, then integrate or sell to the few Web2 gateways controlling the 80% distribution layer. The article believes that the current protocol cancellations and wave of startup closures are part of a "necessary market cleanup."
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