Robinhood Markets is set to unveil a service that combines cash delivery with an AI trading assistant. According to a recent blog post, Robinhood Banking will roll out savings accounts for Gold subscribers in partnership with Coastal Community Bank, allowing users to have cash delivered to their homes similar to ride-hailing services like Uber. CEO Vlad Tenev highlighted the need for banking to evolve beyond traditional branch offices and ATMs. While cash delivery was previously available only to high-net-worth individuals via private banking services, Robinhood aims to make it more accessible, though geographic limitations will apply. Furthermore, the company plans to launch a platform named Robinhood Strategies featuring a mix of single stocks and ETFs. Additionally, an AI-powered research assistant called Cortex will be introduced later this year for Gold subscribers at a monthly fee of $5. Cortex will provide market trend analyses and stock insights, developed over two years based on feedback from traders. Robinhood continues its expansion into emerging asset classes, including cryptocurrencies and derivatives, while actively exploring ways to integrate crypto into its platform in the near future.

Source 🔗