BTC $82,918.39 +0.98%
ETH $2,441.48 +0.74%
BNB $726.27 +0.58%
XRP $1.32 +1.04%
SOL $105.66 +1.48%
TRX $0.3309 -0.64%
DOGE $0.0798 +0.43%
ADA $0.2205 -0.43%
BCH $279.58 +1.79%
LINK $12.16 +1.01%
HYPE $80.06 +1.23%
AAVE $153.05 -0.97%
SUI $1.00 +2.07%
XLM $0.1785 +0.12%
ZEC $1,167.08 +2.60%
AAPL $343.70 +0.10%
AMZN $253.27 +1.46%
GOOGL $343.34 +1.04%
MSFT $531.73 +0.62%
META $714.67 +1.10%
NVDA $217.22 +1.39%
TSLA $356.03 +1.17%
SNDK $1,348.54 +5.22%
INTC $93.58 +4.46%
SPCX $147.83 +1.85%
MU $904.43 +3.82%
AMD $543.91 +2.58%
BTC $82,918.39 +0.98%
ETH $2,441.48 +0.74%
BNB $726.27 +0.58%
XRP $1.32 +1.04%
SOL $105.66 +1.48%
TRX $0.3309 -0.64%
DOGE $0.0798 +0.43%
ADA $0.2205 -0.43%
BCH $279.58 +1.79%
LINK $12.16 +1.01%
HYPE $80.06 +1.23%
AAVE $153.05 -0.97%
SUI $1.00 +2.07%
XLM $0.1785 +0.12%
ZEC $1,167.08 +2.60%
AAPL $343.70 +0.10%
AMZN $253.27 +1.46%
GOOGL $343.34 +1.04%
MSFT $531.73 +0.62%
META $714.67 +1.10%
NVDA $217.22 +1.39%
TSLA $356.03 +1.17%
SNDK $1,348.54 +5.22%
INTC $93.58 +4.46%
SPCX $147.83 +1.85%
MU $904.43 +3.82%
AMD $543.91 +2.58%

robinhood

Robinhood is an American financial services company whose mobile application facilitates commission-free trading of stocks, exchange-traded funds, cryptocurrencies, and individual retirement accounts.
All
Article
Flash

Robinhood has over 150,000 people opening AI trading accounts, and the CEO envisions retail strategies close to the exchange

The CEO of the stock and cryptocurrency trading platform Robinhood, Vlad Tenev, stated in a recent interview that a significant portion of retail trading is expected to be initiated by AI in the future. The Agent can monitor the market around the clock and handle trades in various assets such as stocks, options, and cryptocurrencies, but most funds may still be held long-term.In May of this year, Robinhood allowed users to trade through third-party AI Agents via MCP, and at the end of September, it announced the direct integration of Agents into the App, with over 150,000 customers having opened dedicated trading accounts at that time. Currently, funds are still restricted through independent accounts; the Agent can view users' other account information but can only place orders within the dedicated account, and funds must be actively transferred by the user. Tenev stated that technically, it is not difficult to directly access the main account, but the company has chosen to gradually loosen permissions.In terms of approval settings, the built-in Agent requires users to approve each transaction by default, but this setting can be manually turned off; external Agents accessed through MCP do not require per-transaction approval by default, and users must enable approval themselves. Tenev also envisions allowing retail investors to deploy trading strategies on servers close to exchanges to reduce order delays, and hopes that ordinary investors can use such infrastructure without needing to understand data centers and network engineering. Robinhood has not yet provided this service and has not announced a timeline for its launch.

first_img Robinhood's social trading feature is open to qualified users in the United States and will be available on the Legend desktop platform

Robinhood announced that its social trading network is now open to all eligible users in the United States. CEO Vlad Tenev stated on October 13 that this feature is built into the app's information feed, centered around users' trades and performance. Users can follow other traders, view shared account activities, and initiate eligible trades directly from posts through the Quick trade feature. Tenev mentioned that Robinhood Social is now available to everyone, allowing users to share charts, profits and losses, and portfolio allocations, as well as receive news and company updates.This feature was previously tested starting on March 18, initially for 1,000 customers who attended the HOOD Summit, followed by an additional 10,000 in the subsequent weeks. The early version provided verified trading posts, daily and yearly profit and loss statistics, and the ability to place orders manually from the information feed; news feeds are part of future planning. Sharing is selective: trades will not be automatically published, and customers can choose which eligible trades to publish, as well as disable trading statistics in their profiles.Access and publishable content are restricted. Social is only available in the United States, and Robinhood excludes licensed securities professionals, individuals associated with regulated financial institutions, and the company's own employees. Its help page indicates that futures and multi-leg options trades currently do not meet publishing criteria. Tenev stated that Social will be coming to Robinhood's desktop trading platform Legend in the coming weeks.

first_img Robinhood Chain's daily trading volume decreased by 42%, and on-chain activity continues to cool down

Robinhood Chain's on-chain activity continues to cool down. According to CoinDesk's calculations based on growthepie data, from October 2 to 8, the network's average daily transaction volume was 6.2 million, a decrease of 42% compared to 10.8 million from September 10 to 16, and a drop of 20% from the previous week; during the same period, the average daily active addresses were about 322,000, down 31% from mid-September. Robinhood launched this chain in July, allowing users to trade tokens and lend through applications connected to Ethereum, and plans to introduce around-the-clock trading of tokens linked to stocks and funds.Transaction volume has also declined. From October 2 to 8, the spot trading volume fell to $7.45 billion, down 21% from the previous week's $9.46 billion, with Uniswap handling about 77% of it. However, funds have not fled; on-chain lending and trading application deposits increased by about 2% week-over-week to $1.04 billion, and the supply of stablecoins rose to about $1.1 billion. Perpetual contract trading volume, on the other hand, grew against the trend by 26% to about $7.35 billion.Fee income has shrunk accordingly. During that week, users paid an average of about $65,000 in network fees daily, a decrease of 39% from the previous week, far below the peak of $8 million per day at the beginning of September. According to a report by Bernstein last month, Robinhood retains about 90% of network fees.

first_img Robinhood Chain evaluates the paid trading ranking system, with technical support from Arbitrum

According to CoinDesk, the Layer 2 blockchain Robinhood Chain, designed for tokenizing real-world financial assets, is evaluating a transaction sorting system that allows users to pay fees for prioritizing specific transactions. This technology is developed by Arbitrum, the infrastructure provider for Robinhood Chain. Insiders say that Arbitrum's previously launched paid transaction sorting technology, Time Boost, could provide users with a 200-millisecond prioritization advantage, but it was replaced on September 24 by the new Priority Gas Auctions model, which allows traders to pay higher fees to prioritize individual transactions. This new version is what Robinhood Chain is currently evaluating.Currently, Robinhood Chain employs a first-come, first-served transaction sorting strategy and has not yet utilized Arbitrum's original Time Boost application. Since launching its Ethereum-compatible network in July, Robinhood Chain has rapidly gained popularity and has entered the top ten blockchains ranked by total locked value. Robinhood's traditional brokerage business has long profited through "payment for order flow," where market makers pay brokers for the routing rights of customer orders.The mechanism of on-chain paid transaction prioritization operates differently; it provides advantages to traders by accelerating transaction processing speeds, helping professional institutions compete for fleeting trading opportunities.

first_img Decentralised.co: On-chain stock exposure has exceeded 6 billion USD

Decentralised.co published a discussion on the path of stock tokenization, stating that the exposure to on-chain stocks held by traders and investors through tokenization and synthetic perpetual contracts has exceeded 6 billion dollars. The total market size of on-chain stock tokens is 3.21 billion dollars, with a 10% increase over the past 30 days; the open interest of perpetual contracts for stocks, indices, and ETFs on trade.xyz is 3.01 billion dollars, accounting for 94% of the total stock token market size.The process of stock tokenization is divided into four stages: initially, it is mostly offshore packaged certificates, followed by becoming collateral, then brokers tokenizing the shares that users already hold, and finally, the company registering the shares themselves on-chain. Most stock tokens are debt certificates that do not include voting rights or ownership of shares. Taking Robinhood as an example, after the related entity purchases shares and they are held by a custodian, it issues debt securities corresponding to one share to users, with dividends reinvested and stock splits adjusting the number of shares represented; if the issuer fails to perform, the securities agent will sell the shares and pay the holders, while the issuer can only maintain the price through arbitrage within a limited time frame.The market size of the top 100 tokenized stocks increased from 2.09 billion dollars to 3.03 billion dollars within 90 days, and the number of holding addresses grew from 417,000 to 4.21 million, with Binance and Robinhood contributing 86% of the new addresses. About 97.5% of the addresses hold less than 100 dollars, with exchanges and large wallets holding most of the value. The borrowing rates for collateralized loans against related stock tokens on Kamino, Jupiter Lend, and Ether.fi are approximately 4% to 5.75%.
app_icon
ChainCatcher Building the Web3 world with innovations.