Reported 25 days ago
Robinhood is expanding its offerings by introducing cash delivery services and traditional banking products, aiming to compete with major banks like Bank of America, Citigroup, and JPMorgan. CEO Vlad Tenev highlighted the demand for home cash delivery as a response to ATM crime, especially in urban areas. The new services include checking and savings accounts with competitive interest rates and wealth management options designed to enhance the platform's appeal beyond casual trading.
Source: YAHOO