CoinStats - Crypto push seen turning Robinhood into ‘Schw...

Robinhood started out as an app for trading stocks and cryptocurrencies. Initially, it was a pioneer in the area of so-called democratization of markets, i.e. opening up access to investments to every smartphone user. Since then, the company has grown massively and now wants to conquer the banking sector. It has interesting ideas for this, and banks - perceived as wealthy dinosaurs - are just begging to be shaken up a bit. This is the breath of …

Unveiling Robinhood's Dominance: Bernstein Predicts Stronger Crypto Future Than Coinbase

In the ever-evolving world of cryptocurrency exchanges, a new narrative is taking shape. Are we witnessing a shift in power? Renowned research and brokerage firm Bernstein has ignited a fascinating debate, suggesting that Robinhood crypto, the platform known for democratizing finance, is strategically positioned for more robust growth than crypto giant Coinbase. This bold prediction hinges on Robinhood’s superior product pipeline and a crypto st…

CoinStats - Crypto push seen turning Robinhood into ‘Schw...

Robinhood is turning into “Schwab elite banking, but for everyone.”That’s what Bernstein analysts said in a note to investors on March 27 while putting a $105 price target on the stock. If it hits that level, Robinhood’s market cap would surge to $95 billion, placing it alongside companies like derivatives marketplace CME group.“Robinhood wants to make higher-end private banking and wealth services available to its target demographic at a more a…

Robinhood Launches New AI and Crypto-Powered Wealth Management Products

These new offerings leverage cryptocurrency and AI technologies to provide more personalized and cost-effective services. The first product, Robinhood Strategies, offers low-cost, personalized investment advice with real-time insights to help users make informed decisions. Robinhood Cortex, an AI-powered research assistant, provides market data and trading tips to users. Finally, Robinhood Private Banking allows users to open accounts, earn 4% A…

Robinhood unveils plans for new banking products

The trading app provider has debuted wealth management services, and will be rolling out banking and new AI-powered investment tools later in the year.

Robinhood Expands With New Banking Service, Offering 4% APY - Data Intelligence

Robinhood is taking another step toward becoming a one-stop shop for personal finance. On Wednesday, the company announced Robinhood Banking, a fully online checking and savings platform set to launch this fall, exclusively for Robinhood Gold subscribers. The new service will offer a 4% annual percentage yield (APY) and FDIC insurance up to $2.5 million, provided via a “pass-through” arrangement with Coastal Community Bank. Robinhood isn’t a ban…