Gate News: On March 24, Robinhood’s board approved a $1.5 billion share repurchase plan. The company’s CFO, Shiv Verma, stated that this authorization reflects the management and board’s confidence in continuously launching innovative products for customers and creating value for shareholders. The company plans to execute the $1.5 billion authorization over the next approximately three years and retains the flexibility to accelerate repurchases if market conditions permit. Previously, Robinhood’s board approved a $1 billion buyback plan in May 2024, and an additional $500 million plan in April 2025. Notably, Robinhood has been expanding its crypto business in recent years, including enabling 24-hour on-chain stock trading, offering tokenized exposure to large private companies for non-U.S. clients, and launching the Robinhood Chain, an Ethereum Layer 2 network based on Arbitrum, which is now in testing.
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