Robinhood Launches an Event Trading Platform – the Stock Rises by 7%
Reading Time: 3 minutes
Robinhood expands its trading offerings, allowing investors to trade event contracts, including bets on economic and sporting events. Robinhood focuses on growth through diversification: In addition to the event trading platform, Robinhood is expanding its offerings with a desktop platform, futures trading, and a planned robo-advisor – a clear signal for long-term expansion. The stock of Robinhood (HOOD) saw a price increase of +7% on Monday after the company announced the launch of an event trading platform within its brokerage app....
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