Robinhood Markets, Inc.: Shipping More Products in a Flat World

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Robinhood Markets, Inc.: Shipping More Products in a Flat World

Equity Research

U.S. Brokers, Asset Managers & Exchanges

2 July 2026

Robinhood Markets, Inc.

Shipping More Products in a Flat

World

A number of new crypto features were introduced, including HOOD OVERWEIGHT

POSITIVEthe Robinhood Chain, more perps, lending capabilities, U.S.ManagersBrokers,& ExchangesAsset

agentic accounts, lower fees in the US, and added more Price Target USD 82.00

jurisdictions. While many announcements were not Price (01-Jul-26) USD 108.65 Potential Upside/Downside -24.5%

Source: Bloomberg, Barclays Researchsurprising to us, the company continues to make the platform

more feature rich.

U.S. Brokers, Asset Managers &

Exchanges

Overview: Robinhood hosted its summer crypto event "The World is Flat", in which the Benjamin Budish, CFA

company introduced a number of new features, including 1) the official launch of the +1 212 526 2418

Robinhood Chain, which comes with additional capabilities, such as more perpetual futures and benjamin.budish@barclays.com

lending capabilities, 2) expansion into Canada and the UK with crypto, and approval for BCI, US

operations in Singapore, and 3) more features for US users, such as agentic trading capabilities, Chris O'Brien

lower fees, and defi lending capabilities. While many of the announcements do not come as a +1 212 526 9284

complete surprise to us (such as the rollout in Canada/the UK, and launch of the Robinhood chris.obrien@barclays.com

Chain) we note the company continues to make additional progress adding features and BCI, US

capabilities to the platform. Mason Fleming

+1 212 526 7025

Key takeaways: mason.fleming@barclays.com

BCI, US

Robinhood Chain officially launched, with additional perps and lending capabilities rolling

out.