Robinhood Reveals Fractional Stock-trading
Main page News, US Market, US, Crypto Market, Cryptocurrency
Hot topic
Dec. 12, 2019
120 120

The U.S.-based financial services company Robinhood will launch fractional stock-trading, Business Insider reports.

The new function will allow users to invest in portions of stocks and exchange-traded funds (ETFs) with an account minimum of just one U.S. dollar.

Robinhood Users Found Glitch to Access Free Money

A product manager at Robinhood, Abhishek Fatehpuria, claims the new feature will be launched for a limited number of users by December 16 and full access for all clients in 2020.

"I think the user that we're particularly excited about is the first-time investor that wants to get started and maybe has a couple of dollars. They can build a diversified portfolio with a majority of the stocks they want to own," Fatehpuria added.

However, Robinhood's product manager declined to specify when Robinhood started working on fractional shares.

Earlier iHodl reported that Robinhood withdrew its bank charter application with the Office of the Comptroller of the Currency.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error