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My guess is that Robinhood's deposits with the DTCC are running dry, so they're charging more to settle any transactions to manage their own risk. Robinhood the
by 015a 6y ago
My guess is that Robinhood's deposits with the DTCC are running dry, so they're charging more to settle any transactions to manage their own risk. Robinhood then locks down a bunch of popular stocks in addition to the volatile ones.
In a way, its a tragedy of the commons. It would be both sad and ironic if the only casualty of this black swan event were robinhood. But, they likely still have avenues open to them toward recovery.