Dec 16 (Reuters) – Robinhood Markets (HOOD.O) is attracting customers from other brokerages, and is looking to expand beyond its base of young, first-time investors, the Wall Street Journal reported on Saturday.
Through Wednesday, the trading app received about $1.1 billion in account transfers since Oct. 23, when it began giving a 1% match on transferred brokerage accounts, the Wall Street Journal reported.
Reporting by Gursimran Kaur in Bengaluru; editing by Diane Craft