Robinhood Announces Layer 2 Blockchain On Arbitrum, HOOD Stock Jumps 10%

Rumours of a Robinhood partnership with Arbitrum are confirmed, with the US-based financial services firm leaning on the blockchain to announce its own layer 2 (L2) solution. The buzz from the announcement has sent HOOD stock rallying by over 10% in the last day, while the Arbitrum price has gained double-digit percentages.