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Robinhood Applies for Charter in Push to Offer Traditional Banking Services

Published 04/23/2019, 09:30 AM
Updated 04/23/2019, 09:43 AM
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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