Robinhood Aims to Retain Young Investors with Crypto and Extended Trading Hours
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Robinhood's customer base is young people who want easy access to stocks, options, and crypto trading. Many are first-time investors.
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Robinhood has added features like high-yield savings accounts, retirement accounts, and securities lending to grow with customers.
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Cryptocurrency trading remains popular, with 1/3 of users passionate about crypto. Bitcoin is the most popular recurring buy.
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Robinhood offers 24/7 trading for select securities. The CEO believes extended hours trading will be standard in the future.
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The interviewee took shots at other crypto platforms, positioning Robinhood as a safer way to invest in crypto.