CoinDesk·3 min read·medium

Robinhood announces AI agent for customers that trades around the clock, plus 10x crypto perps

O
Omkar Godbole
Robinhood announces AI agent for customers that trades around the clock, plus 10x crypto perps
✦AI Summary

Robinhood has introduced AI agents that allow retail investors to automate trading strategies and execute trades around the clock. This move brings institutional-style algorithmic trading to everyday users, though it raises concerns about market volatility and banking stability.

Why it matters

The democratization of autonomous AI trading agents represents a significant shift in retail finance that could impact market liquidity and traditional banking models.

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The online trading platform, which has more than 27 million funded accounts , announced Robinhood Agents on Tuesday at its HOOD Summit in Houston. The tool is built into the Robinhood app. It can research markets, build strategies and place trades for a customer at any hour.

AI agents are different from chatbots. A chatbot answers questions. An agent takes action, in this case buying and selling on a customer's behalf within limits the customer sets.

In other words, Robinhood is bringing automated trading, long the domain of hedge funds and quant firms, to everyday investors.

It's a big step up from Robinhood's May launch, which let tech-savvy users connect their own AI agents to their accounts. More than 150,000 customers have opened agentic trading accounts since, and these agents now tap Robinhood's tools almost 30 million times a day, according to the company.

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