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Robinhood Hits $100 Billion Record as US Passes Crypto Legislation


by Ibrahim Ajibade
for Coinspeaker
Robinhood Hits $100 Billion Record as US Passes Crypto Legislation

Robinhood (HOOD) stock briefly hit $112 on Friday, July 18, surging to a new record high and pushing the company’s market capitalization beyond the $100 billion threshold. The milestone marks a 38% gain over the past 30 days, according to Nasdaq data.

The rally began when HOOD stock broke through the $100 barrier just days after the platform announced the launch of tokenized US stock trading feature for Europe in early July.

Robinhood Price Action | July 18

Robinhood Price Action | July 18

The latest HOOD price uptick comes amid bullish tailwinds from Washington, as US lawmakers advanced a long-awaited regulatory framework for cryptocurrencies.

The BBC reported that the US House of Representatives passed two major bills late on Thursday: the CLARITY Act, which addresses crypto market oversight, and the GENIUS Act, which establishes a stablecoin regulatory policy.

With Bitcoin price still consolidating below $120,000 amid active capital rotation toward altcoins, HOOD shares gained another 4% on Friday, peaking at $112 before retracing slightly to $109 at press time.

Analyst Says Liquidity Risks Could Hamper Tokenized Stocks Market

Robinhood’s stock price rally to $100 billion valuation on Friday has ignited speculation that US crypto bill legislation may deepen adoption of its recently-launched tokenized US equities trading feature.

However, leading market analysts urge caution. In a post on X, Kaledora Kiernan-Linn, founder of on-chain leverage trading platform Ostium, warned that tokenized equities face severe liquidity limitations.

According to CoinMarketCap, the total market capitalization of tokenized stock assets currently sits below $27 million, representing a fraction of the trillions in underlying equity value from blue-chip stocks like NVIDIA, Microsoft, and Apple.

Tokenized Equities Market Capitalization | Source: CoinMarketCap

Tokenized Equities Market Capitalization | Source: CoinMarketCap

“Unlike stock perpetuals, tokenized equities offer zero leverage,” Kiernan-Linn noted, explaining that most existing tokenized equity platforms do not enable margins and risk exposure of traditional markets.

In summary, Robinhood’s 38% price rally in the last 30 days reflects bullish bets on the tokenization trend. However, based on expert insights, liquidity constraints and trading limitations could slow widespread adoption. It remains to be seen if Friday’s $100 billion cap will mark a temporary peak or form a local support for another leg up.

The post Robinhood Hits $100 Billion Record as US Passes Crypto Legislation appeared first on Coinspeaker.

Read the article at Coinspeaker

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Robinhood Hits $100 Billion Record as US Passes Crypto Legislation


by Ibrahim Ajibade
for Coinspeaker
Robinhood Hits $100 Billion Record as US Passes Crypto Legislation

Robinhood (HOOD) stock briefly hit $112 on Friday, July 18, surging to a new record high and pushing the company’s market capitalization beyond the $100 billion threshold. The milestone marks a 38% gain over the past 30 days, according to Nasdaq data.

The rally began when HOOD stock broke through the $100 barrier just days after the platform announced the launch of tokenized US stock trading feature for Europe in early July.

Robinhood Price Action | July 18

Robinhood Price Action | July 18

The latest HOOD price uptick comes amid bullish tailwinds from Washington, as US lawmakers advanced a long-awaited regulatory framework for cryptocurrencies.

The BBC reported that the US House of Representatives passed two major bills late on Thursday: the CLARITY Act, which addresses crypto market oversight, and the GENIUS Act, which establishes a stablecoin regulatory policy.

With Bitcoin price still consolidating below $120,000 amid active capital rotation toward altcoins, HOOD shares gained another 4% on Friday, peaking at $112 before retracing slightly to $109 at press time.

Analyst Says Liquidity Risks Could Hamper Tokenized Stocks Market

Robinhood’s stock price rally to $100 billion valuation on Friday has ignited speculation that US crypto bill legislation may deepen adoption of its recently-launched tokenized US equities trading feature.

However, leading market analysts urge caution. In a post on X, Kaledora Kiernan-Linn, founder of on-chain leverage trading platform Ostium, warned that tokenized equities face severe liquidity limitations.

According to CoinMarketCap, the total market capitalization of tokenized stock assets currently sits below $27 million, representing a fraction of the trillions in underlying equity value from blue-chip stocks like NVIDIA, Microsoft, and Apple.

Tokenized Equities Market Capitalization | Source: CoinMarketCap

Tokenized Equities Market Capitalization | Source: CoinMarketCap

“Unlike stock perpetuals, tokenized equities offer zero leverage,” Kiernan-Linn noted, explaining that most existing tokenized equity platforms do not enable margins and risk exposure of traditional markets.

In summary, Robinhood’s 38% price rally in the last 30 days reflects bullish bets on the tokenization trend. However, based on expert insights, liquidity constraints and trading limitations could slow widespread adoption. It remains to be seen if Friday’s $100 billion cap will mark a temporary peak or form a local support for another leg up.

The post Robinhood Hits $100 Billion Record as US Passes Crypto Legislation appeared first on Coinspeaker.

Read the article at Coinspeaker

Read More

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