Robinhood Applies for Charter in Push to Offer Traditional Banking Services

23 Apr 2019

Robinhood Applies for Charter in Push to Offer Traditional Banking Services

Stock and crypto trading platform Robinhood has applied for a bank charter with regulators in the United States, S&P Global (NYSE:SPGI) Market Intelligence reported on April 19.

According to a statement, Robinhood says securing approval from the Office of the Comptroller of the Currency would be a first step towards being able to offer traditional banking products and services.

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