Robinhood launches platform to go after bigger, more active traders

Published On Oct 17, 2024, 8:45 AM

Robinhood has launched a new platform called Robinhood Legend, designed for active traders. This desktop-based tool includes advanced charting capabilities to aid in detailed stock analysis. Additionally, the company plans to introduce futures trading and index options. This move reflects Robinhood's strategy to expand its offerings beyond its original focus on small, casual traders, aiming to attract more serious trading participants.

Read full article

Stock Forecasts

HOODView HOOD chart on TradingView

Positive

With the introduction of Robinhood Legend and the planned addition of futures trading, Robinhood is positioning itself to capture a larger share of the trading market, particularly among active traders who require advanced tools. This could significantly boost user engagement and revenue, given that more sophisticated trading options generally lead to increased trading activity and potential returns.

Related News

Robinhood's stock surge is Dan Gallagher's 'handiwork': Charlie Gasparino | Fox Business Video

FOX Business senior correspondent Charlie Gasparino discusses the selection implication of Robinhood stock on 'The Claman Countdown.'

HOOD

Robinhood launches crypto transfers in Europe as it pushes overseas expansion

Oct 1, 2024, 3:00 AM

Retail investing platform Robinhood is setting sights on an EU expansion as part of broader plans to increase its global foothold.

HOOD

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

Sep 4, 2024, 3:58 AM

Robinhood on Wednesday launched a new feature in the U.K. allowing users to lend out any stocks they own outright in their portfolio to interested borrowers.

HOOD