Robinhood Moves to Let AI Agents Trade and Spend, Turning Up Pressure on Banks
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Robinhood Moves to Let AI Agents Trade and Spend, Turning Up Pressure on Banks
Robinhood shares rose 9.6% to $83.55 after the company announced customers can now use AI agents to trade stocks and make virtual credit card purchases. The Agentic Trading and Agentic Credit Card features allow users to set up separate accounts for AI-directed transactions. Robinhood reported 27.4 million funded accounts and 4.3 million Gold subscribers in Q1. The post Robinhood Moves to Let AI Agents Trade and Spend, Turning Up Pressure on Ban…
The Robinhood trading platform will allow AI agents to handle their money transactions in the future. Users can connect their favorite AI systems directly to Robinhood to automate stock exchange transactions or make purchases via credit cards. The company describes this as a further step towards automated financial management. The new features will be introduced under the terms "Agentic Trading" and "Agentic Credit Card" and will be available as…
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