U.S. stock and cryptocurrency trading app Robinhood will unveil a new cryptocurrency financial product.

Robinhood announced via its official X (formerly Twitter) account that it plans to introduce the new cryptocurrency financial product at approximately 3:00 AM on July 2, Korean Standard Time.

This new product announcement will take place during an event held in London, UK. Regarding the event, Robinhood emphasized, "This event in London will signal the beginning of a 'borderless market' and present our latest vision for the future of the financial market." They added, "Robinhood's new products will promote the convergence of cryptocurrency and traditional finance, and contribute to reshaping the global financial services landscape."