Shares of Robinhood Markets (NASDAQ: HOOD) are spiking on Monday, up 12.1% as of 3:24 p.m. ET. The jump comes as the S 500 and Nasdaq Composite were both up 0.3%

Robinhood announced on Monday that it is launching tokenized trading in the E.U., allowing customers to trade U.S. stocks around the clock.

Robinhood has launched commission-free tokens in the European Union, the first step in allowing customers to trade more than 200 U.S. stocks and ETFs, including Nvidia, , outside of traditional U.S. stock exchange trading hours.

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Source Fool.com