Robinhood Applies for Charter in Push to Offer Traditional Banking Services

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The trading platform says approval from the Office of the Comptroller of the Currency would be a first step to launching a full-service bank. Stock and crypto trading platform Robinhood has applied for a bank charter with regulators in the United States, S&P Global Market Intelligence reported on April 19.According to a statement, Robinhood says securing approval from the Office of the Comptroller of the Currency would be a first step towards being able to offer traditional banking products and services.Any full-service bank would likely operate alongside its mobile-focused trading arm, which enables users to trade cryptocurrencies, funds and options on their phones and desktops.…
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Robinhood Applies for Charter in Push to Offer Traditional Banking Services

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