United Kingdom fintech giant Revolut will launch a wealth management app to compete with Robinhood (HOOD.US) and eToro for retail investors.
Revolut plans to spin off its $8.5 billion euro (approximately $9.5 billion USD) wealth management business into a standalone application, in an attempt to compete with companies like Robinhood and eToro, and to gain a larger share in the retail market.
Revolut Takes On Robinhood, EToro With Own Retail Wealth App
Robinhood Options Spot-On: On September 23rd, 96,124 Contracts Were Traded, With 1.28 Million Open Interest
On September 23rd ET, $Robinhood(HOOD.US)$ had active options trading, with a total trading volume of 96,124 options for the day, of which put options accounted for 34.8% of the total transactions,
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Earn Credit Off Robinhood (HOOD) Options as Retail Investing Pushes Higher
Robinhood Touts Rock-Bottom Fees for Options Trading. Then Come the Hidden Costs. -- WSJ