HOOD Announces RWA Perps in the EU & Updates on Agentic Trading Agents

研报英文原文证据摘录

HOOD Announces RWA Perps in the EU & Updates on Agentic Trading Agents

H O T C O M M E N T

1 J u l y 2 0 2 6

Robinhood Markets, Inc. (HOOD) Overweight

CONCLUSION PRICE: US$100.28

Robinhood to launch real-world asset perpetuals in the EU. This afternoon, at the "The TARGET: US$135.00

World is Flat" event, HOOD announced the launch of perpetual futures on real-world assets ~45x our 2027 EPS estimate

including gold, silver, oil, Euros, EWY, and QQQ (set to roll out in waves to eligible users)

via Bitstamp. Up until now, EU users have only been able to trade perpetual futures on Patrick Moley, CFA

Sr. Research Analyst, Piper Sandler & Co.crypto. HOOD will offer up to 10x leverage on these new perpetuals. Separately, eligible 212 284-9350, patrick.moley@psc.com

international users of the Robinhood Wallet will also be able to trade perpetual futures

Will Copps

through Lighter, a decentralized exchange that also offers perps on single-stocks. Reiterate Research Analyst, Piper Sandler & Co.

OW rating and $135 PT. We expect HOOD to achieve a record month in equities, options, 646 300-5175, will.copps@psc.com

and event contracts based on intra-month trading data released on 6/26. Ben Bogdanski

Research Analyst, Piper Sandler & Co.

• KEY Takeaway: HOOD holds off on US Perp launch, we suspect due to ongoing 312 579-7955, ben.bogdanski@psc.com

legal & regulatory uncertainty. The expansion of HOOD's perpetual futures offering

RISKS TO ACHIEVEMENT OF overseas comes as no surprise. In 2026 TD, offshore volumes in real-world asset perps

PT & RECOMMENDATION have grown significantly on decentralized platforms like Hyperliquid (click for our primer), Uncertainty regarding the regulation, retail

and it is a product we believe will help HOOD attract more international retail participants.