Robinhood Eyes $600B Market with Global Crypto Push

- Robinhood unveils global crypto expansion at July 1 event. - Mizuho raises price target to $99, citing $600 billion market. On July 1, 2025, Robinhood announced sweeping global crypto and tokenized asset initiatives at its "To Catch a Token" event in France, unveiling plans to target a $600 billion market. These developments aim to bolster Robinhood's foothold in the digital asset industry. The company will launch tokenized U.S. stocks and exchange-traded funds (ETFs) for European customers, offer crypto perpetual futures with up to three-times leverage, and provide staking services for digital assets. Additionally, Robinhood will create a proprietary Layer 2 blockchain on the Arbitrum network to tokenize real-world assets. The company will extend its cryptocurrency services to over 30 countries in the European Union (EU) and European Economic Area (EEA), tapping into a potential market of 400 million users. These initiatives demonstrate Robinhood's commitment to capitalizing on a total addressable market it estimates at $600 billion, positioning itself as a leader in digital finance innovation. On July 1, *The Block* reported that Mizuho Securities raised its price target for Robinhood's (HOOD) stock from $80 to $99. Analysts credited the upgrade to the company's robust product pipeline and international growth ambitions, highlighting its capacity to capture a significant portion of the expansive market opportunity. Other financial institutions, including Cantor Fitzgerald and Compass Point, also adjusted their price targets for Robinhood, which reflects growing institutional confidence in the company's strategic direction. As of July 1, at 17:09 UTC, blockchain networks linked to Robinhood’s initiatives showed mixed performance. The price of Ethereum (ETH) fell 2.15% over the past 24 hours to $2,422.54. The token for Arbitrum (ARB), the foundation for Robinhood’s planned Layer 2 blockchain, dropped 5.63% in 24 hours to $0.326. Meanwhile, Solana (SOL) was priced at $147.92, while its daily trading volume decreased by 5.80%.