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Nuts to see Robinhood's generates more income from interest compared to its core trading revenue. 

Additionally, the US Government faces a $1 trillion payment. 

The strategy of holding other people's funds and investing in Treasuries seems beneficial. 

Please note that I do NOT own RH, but I do use it as a trading platform for recreational purposes. I found it convenient for switching between MSTR, BTC, ETH, and ALTs until some adjustments were made. The user interface is appealing, and the 24-hour trading option on Tesla is a feature I appreciate. I have TSLA, BTC, ETH and MSTR on there at the moment for pair trading purposes. 

h/t Sanjay for the chart. 

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Comments

Anonymous

‘Use it for recreational purposes’ - love that James. Haven’t heard that in the context of trading before👌🏿

Anonymous

Agree with Germangirl can we do a how to use options Robinhood ???

Anonymous

Go to whatever you want to trade and click trade. There should be three options, Trade options, Sell, and Buy. Click trade options.