From CNBC: 2024-10-17 08:55:26

Retail brokerage firm Robinhood is launching Robinhood Legend, a desktop platform for active traders. The tool offers advanced charting tools for detailed stock analysis. In addition, Robinhood plans to add futures trading and index options to its mobile platform, expanding beyond its roots as a platform for small-dollar traders.

CEO Vlad Tenev said Robinhood is aiming to capture the desktop web market with the launch of Legend. The firm reported $139.7 billion in assets under custody and 11.8 million monthly active users in the second quarter. Shares have risen over 100% this year. The latest announcements were part of the HOOD Summit conference for Robinhood’s customers.

Read more: Robinhood debuts Legend for active traders, says futures markets are coming soon