Robinhood Markets (NASDAQ: HOOD) is expanding its artificial intelligence (AI) initiatives with the launch of “agentic” trading and commerce tools, revealed CFO Shiv Verma during an investor conference. The new trading features, aimed at AI-native users, allow account connections to large language models for advanced trading capabilities. This expansion is part of Robinhood’s broader strategy to enhance asset growth, international presence, and product diversification, as it looks to innovate in the financial services sector.
As of now, Robinhood manages approximately $350 billion in platform assets and has seen the average account size increase from $2,000 to about $12,000. Its median customer age has shifted from 28 to 36 years. The company also reports that approximately 40% to 50% of new customers are opting for its $5-per-month Robinhood Gold membership, which enhances customer engagement and deposit activity.
In terms of international growth, Robinhood is currently operating in the U.K. and the European Union, with plans to expand into Canada, Indonesia, and Singapore. Verma emphasized that Robinhood is financially equipped for growth, boasting roughly $6 billion in cash and a $1.5 billion share repurchase program already underway.
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