The Robinhood Markets trading platform plans to offer a service that delivers cash to its customers along with an artificial intelligence research assistant that offers trading advice.
The company Says In a March 27 blog post that its online banking arm, Robinhood Banking, will offer accounts to saving its gold subscribers through its coastal community partner and will be given the option to have physical cash delivered to demand.
“You can sit at home and decide to get a cash delivery the same way you want to order an Uber or a postmate,” Robinhood Markets CEO Vlad Tenev Says During a livestream
He added that there are already home delivery services for groceries and food, but the banking has “has not moved in with many branch offices and the ATM.”
– Robinhood (@robinhoodapp) March 27, 2025
“In the past, cash delivery was a service offered by some private banks to their high-end customers. It won’t work exactly, though. Cash will be a larger amount and usually make your way to an armored vehicle,” he said.
The terms and conditions of the service State That the delivery service range is based on the location of the geography and the travel routes may be limited without mentioning who the drivers are or how they are selected.
Robinhood concept for planned cash delivery service. Source: Robinhood
The firm also has plans for a platform called Robinhood Strategies, which offers a mix of single stock and Funds exchanged by exchange (ETFS).
Later this year, the firm said it would launch an auxiliary research enabled by AI called Cortex for $ 5 a month-long gold subscribers who could provide reviews and insights about market and stock trends to consider trading.
Tenev said the firm had spoken to merchants about what would give them a better edge in stock trading and then spent two years building a cortex, thinking of their comment.
Related: Robinhood to pay $ 30m to improve US regulator probes
Robinhood Product Management Vice President Abhishek Fatehpuria has added that the company is looking to bring cryptocurrencies to the platform at some point in the future.
Robinhood expands its footprints in emerging classes of possession, including crypto and derivatives.
The platform launched a betting betting on the market betting on March 17, which Sent its stock surging by 8%.
Robinhood Markets (Hood) closed the trading day of March 26 down 7.1% to $ 44.73, which continued to fall as an additional 2.84% after time, According to In Google Finance.
On March 13, the Company Memecoins listed Such as Pengu (Pengu), PNUT (PNUT) and POPCAT (Popcat) to a bid to expand its existence in crypto. In January, this combined contracts with futures Tied to cryptocurrencies such as Bitcoin (Btc).
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