Robinhood Chain Stock Tokens Saw 67.1% of Volume Outside Regular NYSE Hours

Robinhood Chain stock tokens saw 67.1% of volume in the 60 largest pools while the New York Stock Exchange (NYSE) was closed in the third quarter, pointing to price discovery outside regular U.S. market hours.

That share includes all periods outside the NYSE’s regular session, while weekend trading alone accounted for 18.2% of volume across those pools. The weekend figure isolates Saturday and Sunday; the broader measure also includes weekday periods when the exchange was closed. The sample covers the network’s 60 most active stock-token pools, not every pool.

Stock Tokens’ share of Robinhood Chain’s decentralized exchange (DEX) volume rose from 2.6% in July to 15.6% in September. This measures token trading against DEX volume on the network, rather than against trading in U.S. stocks on traditional exchanges.

A separate comparison covered 37 weekend and holiday episodes with price gaps of at least 1% before Monday’s market open. In all 37 cases, Stock Token prices moved in the direction of the eventual gap during the 30 minutes before the NYSE opened. The median token move reached 86% of the gap’s magnitude. The sample is limited to qualifying gaps, rather than all periods when the exchange was closed.

At September’s close, the median price difference between the 10 most actively traded tokens and their underlying shares was 13 basis points, down from 29 basis points in July.

Robinhood Chain is an Ethereum Layer 2 network built with Arbitrum technology and has no native token. Its Stock Tokens are debt claims backed one-for-one by shares and minted by Bitstamp. They are unavailable in the United States and to U.S. persons. Channels for minting and redeeming the underlying shares were closed on weekends.

Robinhood plans to offer weekend stock trading through its app in early 2027, subject to regulatory approval. The planned feature is aimed at U.S. users who cannot access the existing Stock Tokens.