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<h2 id="header-0">Robinhood introduces 24-hour trading: A step toward a more competitive online trading market</h2>Robinhood, the popular trading app, has announced that it will be offering equities trading for select stocks 24 hours a day, five days a week. The company is calling this new offering the &#34;24-Hour Market,&#34; which will initially be available to all customers by June. However, a select group of users will be chosen to test the feature starting on Tuesday.The 24-Hour Market will allow customers to place limit orders on certain stocks, such as the most traded single-name equities and ETFs. <a href="https://www.coingabbar.com/en/crypto-currency-news/robinhood-brings-its-wallet-functionality-to-the-ios-platform" rel="noopener noreferrer nofollow">Robinhood</a> has announced that users can now purchase entire shares of 43 of the most frequently traded individual stocks and ETFs, such as TSLA, AMZN, and AAPL, using limit orders.The trading hours will be operational starting from 8:00 pm Eastern Time (ET) on Sunday until 8:00 pm ET on Friday. Robinhood told Blockworks via email that the entire list of stocks and ETFs will be made available on Tuesday when the 24-hour trading platform debuts.This move by Robinhood is seen as an attempt to bring traditional assets in line with <a href="https://www.coingabbar.com/en/crypto-currency-news/family-offices-increasingly-interested-in-digital-assets" rel="noopener noreferrer nofollow">digital assets</a> that can be bought, sold, and exchanged 24/7 on numerous exchanges, including Robinhood Crypto. According to its Q1 earnings report, Robinhood&#39;s assets under custody surged to $78 billion, while its clients&#39; crypto assets under custody grew to $11.5 billion in Q1, which is a substantial increase from the $8.4 billion it reported at the end of 2022.The 24 Hour Market feature is expected to attract more customers to Robinhood and improve its position in the highly competitive online trading market. The company has faced intense scrutiny from regulators over the past year, including a $65 million settlement with the SEC over its handling of customer accounts.Despite these challenges, Robinhood has continued to grow and evolve its platform. The company recently introduced a new feature that allows customers to set up recurring investments in stocks and ETFs. With the addition of the 24-Hour Market, Robinhood is positioning itself as a leader in the online trading space, offering customers more options and flexibility than ever before.

Robinhood Introduces 24-Hour Trading for Select Stocks

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2023년 5월 15일에 게재된 다른 기사

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