Robinhood Markets' suite of new products, including its credit card and futures trading platform, will be crucial to drive growth as market fluctuations and regulatory risks cloud the near-term outlook for its legacy business, analysts said. The expanded offerings show that the 11-year old trading app, best known for its appeal among retail traders, is beginning to mature into a full-fledged financial services provider. "Traders are searching for more sophisticated and diversified offerings post the meme-stock era and Robinhood must expand their services to keep up," said Dan Raju, CEO of brokerage platform Tradier.
Reuters