Robinhood Opens Social Trading Feature to Eligible U.S. Users, Coming Soon to Legend Desktop

Odaily reports: Robinhood has announced that its social trading network is now open to all eligible U.S. users. CEO Vlad Tenev said on October 13 that the feature is an in-app feed built around users' trades and performance, allowing users to follow other traders, view shared account activity, and initiate eligible trades directly from posts via the Quick trade function. Tenev said Robinhood Social is now live for everyone, enabling users to share charts, profit and loss, and portfolio allocations, as well as receive news and company updates.

The feature began testing in March of this year. Users can choose to make their trading records public, and the platform will not automatically disclose all trades. Currently, the service is only available to eligible U.S. customers and does not yet support sharing futures and multi-leg options trades. Tenev said Robinhood Social will also launch on desktop trading platform Robinhood Legend in the coming weeks. (The Defiant)