Robinhood Unveils AI-Powered Trading Agent with Leverage Boost
Retail brokerage firm Robinhood has launched its 'Robinhood Agent' service, which leverages AI models from OpenAI and Anthropic to analyze stocks, options, and digital assets for trading. The service allows users to connect an AI model to their brokerage accounts and delegate market analysis and trade execution.
The company plans to offer up to 10 times leverage for Bitcoin (BTC) and Ether (ETH), while other digital assets will initially have a maximum leverage of three times. Robinhood is also extending U.S. stock trading to weekends, allowing some stocks and exchange-traded funds (ETFs) to trade on Saturdays and Sundays.
Abhishek Fatehpuria, Robinhood's vice president of product management, stated that the company's top priority is becoming the best platform for active traders.