Trading App Robinhood Takes a Leap Into the Unknown

Published by
The Street

By Luc Olinga Robinhood, the app particularly popular with Gen Z, faces the slowdown in retail investors’ trading in the U.S. Robinhood (HOOD) – Get Robinhood Markets, Inc. Class A Report is determined to beat the headwinds. The brokerage, like rivals including Charles Schwab (SCHW) – Get Charles Schwab Corporation Report and Coinbase (COIN) — is facing a slowdown in trading from retail investors. This slack is reflected in, for example, the drop in the volumes on cryptocurrency exchanges. But it was last year’s euphoria around digital currencies that led to a golden period for fintechs like …

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