Robinhood, the trading app used by many retail traders during the meme-stocks frenzy that began in 2020, is once again taking on its more traditional competitors by testing a stock-lending function in beta.
Both of Robinhood’s (HOOD) – Get Robinhood Markets, Inc. Class A Report main rivals, E-Trade and Fidelity (FSST) , already have the ability to let its traders earn passive income by lending stocks to financial institutions.
A beta version was first spotted in the iPhone (AAPL) – Get Apple Inc. Report app for Robinhood users by developer Steve Moser, who details his findings online.
Source: https://www.thestreet.com/investing/robinhood-passive-earning-lending-tool?puc=yahoo&cm_ven=YAHOO&yptr=yahoo