Robinhood shares rose 9.6% on September 18, closing near $120 after opening at $113. The Securities and Exchange Commission announced a five-year conditional Innovation Exemption allowing eligible platforms to trade tokenized versions of US stocks on blockchain rails without full traditional exchange registration. Robinhood launched its own Ethereum Layer-2 network, Robinhood Chain, earlier in 2026, which has already processed over $9.7 billion in decentralized exchange volume. In Q2 2026, Robinhood reported revenue of $1.31 billion, up 32% year-over-year, with net income of $573 million. Analysts currently target price levels between $130 and $160.
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