The deal comes as Robinhood has been plotting a crypto expansion under United States (US) President Donald Trump, who ran for office on a promise to make the US "the crypto capital of the world" and has spent his first months in power rewriting crypto rules. Analysts at research firm Bernstein believe the company's crypto push could double its share price. In February, the US Securities and Exchange Commission closed an investigation into whether tokens traded on Robinhood Crypto are securities. No action was taken.