Robinhood’s COO Johann Kerbrat announced a public testnet for Robinhood Chain, aiming to involve developers in early protocol testing and smart contract deployment. The testnet includes support for token issuance, decentralized finance primitives and will integrate with the Robinhood wallet for seamless user access.

Bitcoin is set for its fourth consecutive weekly decline, exerting pressure on trading platforms and reducing transaction fee revenue. Weakness across major digital assets has led to lower crypto trading volumes on Robinhood, dampening one of its key revenue drivers.

Robinhood’s share price has fallen as investors weigh the impact of reduced crypto activity on earnings and user growth. Management is pushing its vision of a comprehensive financial super app—leveraging blockchain infrastructure and expanded service offerings—to diversify revenue streams and stabilize future performance.