Robinhood has added INDEX and COOPERATIVE to the list of assets users can trade through its app, according to a Sept. 11 update cited by BlockBeats. The move makes both tokens directly available inside the Robinhood App.
BlockBeats said INDEX, also known as The Index, is the token of an RWA protocol on Robinhood Chain. Under the mechanism described in the update, once a user holds a certain amount of INDEX, the protocol uses 3% of transaction fees to buy a basket of tokenized U.S. stocks, including names such as AAPL, NVDA, and TSLA.
Those purchased assets are then airdropped to holders’ wallets automatically every 15 minutes. The process does not require staking or manual claiming. No additional details were provided in the brief update about the holding threshold or the timing of Robinhood’s listing decision beyond the Sept. 11 notice.
INDEX and COOPERATIVE have been added to Robinhood’s tradable assets, allowing users to trade both directly in the Robinhood App, according to a Sept. 11 update cited by BlockBeats.
BlockBeats said INDEX, or The Index, is the token for an RWA protocol on Robinhood Chain. Once a user holds a certain amount of the token, the protocol uses 3% of transaction fees to buy a basket of tokenized U.S. stocks, including AAPL, NVDA, and TSLA. Those assets are then automatically airdropped to holders’ wallets every 15 minutes, with no staking or manual claiming required.
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