Reported about 1 month ago
Robinhood is evolving into a wealth management platform with the announcement of futures and index options trading, set to launch soon. The company also introduced Robinhood Legend, a redesigned platform featuring advanced trading tools tailored for sophisticated investors. This transformation comes amid rising investor interest, with shares up 110% year-to-date and recent revenue growth of 40%. Despite this, some analysts express caution regarding the sustainability of profit momentum as interest rates fluctuate.
Source: YAHOO