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Trading platform Robinhood is launching a feature that will allow its users to lend out their stocks in hopes of earning passive, recurring income from borrowers, the company announced today.
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Robinhood already makes money by lending out shares that its customers buy on margin, but the new fully-paid program will include all shares held by its nearly 23 million users, so long as they ...
Robinhood's shares have gained 27% since the brief resurgence of the meme-stock frenzy last week. CONTEXT California-based Robinhood had launched a new credit card for its Gold customers in March.
Depending on the type of Robinhood account you have, commissions for trading futures will be as low as $0.50 per contract for Robinhood Gold members and $0.75 for non-Gold members.
According to Bankrate, online banks including SoFi, LendingCLub, Capital One and Marcus by Goldman Sachs pay north of 4% or even 5%. The Robinhood rate of 5% applies to new and existing customers ...
Robinhood prepares stock lending program, Instagram bans Kanye, Tesla hikes Model Y price in China. March 17, 2022 at 10:47 AM ...