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This feels like FinTech Moviepass. I understand how they monetize their brokerage trades but how are they going to make money on this?
by tschwimmer 8y ago
This feels like FinTech Moviepass. I understand how they monetize their brokerage trades but how are they going to make money on this?
- SEJeff 8y agoThey put excess money from brokerage accounts in treasury bonds (And get to keep the returns from that) in addition to robinhood gold. I suspect much of their money is made my selling their order flow to big banks along with robinhood gold. This also makes it much easier for them to hawk their brokerage services to those who already have money in their checking accounts.