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A glitch with the Robinhood Markets Inc’s platform allowed its customers to borrow unusually large sums of money to trade with, against the standard industry practice, Bloomberg reported Tuesday.
The trading platform also posted better than expected quarterly revenue and strong net deposits amid the banking turmoil. Robinhood announces plans to launch 24-hour trading with names like Apple ...
The event contracts began trading on Monday. Robinhood said it would now suspend the rollout of the events contracts. The company estimates about 1% of its customers were rolled into the new product.
The company does not offer trading in mutual funds and bonds. [95] Robinhood has prohibited its users from purchasing some high-risk penny stocks, such as banning purchases of Helios and Matheson Analytics, the owner of MoviePass, in August 2018. [101] The company also has restrictions for trading in options on their expiration dates. [102]
Webull CEO Anthony Denier joins Yahoo Finance Live to discuss how heavily shorted stocks are faring this week and break down why Robinhood restricted its users from buying surging stocks like ...
Responding to feedback from traders, Robinhood also added futures trading to the app. Customers can now trade in futures on the S&P 500, Bitcoin, oil and other assets nearly 24 hours a day.