Robinhood lets Brits lend shares for extra income in bid to grow international footprint

Published On Sep 4, 2024, 3:58 AM

Robinhood has launched a new stock lending feature in the UK, allowing retail investors to lend out stocks they own for a monthly fee. This move is part of Robinhood's strategy to expand its market presence internationally after previous attempts to enter the UK market. The platform will manage the risks involved in stock lending by maintaining adequate cash collateral, aiming to make the process safer for users. However, the company offers a lower percentage of interest share compared to competitors.

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Robinhood's entry into stock lending could attract more users looking for passive income opportunities, potentially stabilizing and increasing the user base and revenue.

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