Robinhood will serve as broker and trustee for the upcoming Trump Accounts, a new government-backed investment account for children born between 2025 and 2028. These accounts, launched in partnership with the U.S. Treasury and BNY Mellon, will start with a $1,000 seed contribution from the government and have no fees or trading commissions. Robinhood CEO Vlad Tenev highlighted that this initiative aims to introduce millions of young people to investing with low-cost accounts, aligning with the company's mission to democratize finance. The accounts are expected to launch this summer, with Robinhood providing the app, front-end, and customer support while acting under a government subcontracting agreement.
On December 1, 2025, YieldMax Ultra Option Income Strategy ETF (ULTY) executed a 1-for-10 reverse split, raising its share price tenfold but not increasing investor value. The fund charges a high 1.24% expense ratio, significantly more than comparabl...
YieldMax Ultra Option Income Strategy ETF (ULTY) promises a high annualized yield near 62% through weekly distributions by selling options on volatile tech stocks. However, its total return over the past year was -4.8%, far below the S&P 500's 22% ga...
A Robinhood user reports persistent attempts by scammers to change the email address on their empty account. Despite having no funds in the account, the user receives notifications and finds the dispute contact number unhelpful, with no live support ...
Robinhood launched its Chain's public mainnet on July 1, 2026, quickly reaching over $70 million in ETH bridged and nearly 193,000 daily active wallets. However, Robinhood is subsidizing gas fees for 90 days, making early usage artificially high. The...
A crypto trader invested about $85 in the meme coin CASHCAT on the Robinhood Chain and saw its value soar to over $2 million after the chain's public launch and CEO Vlad Tenev's endorsement of meme coins. The Robinhood Chain, focusing on tokenizing t...
