Robinhood has introduced a new feature allowing users to create separate accounts for AI agents to trade stocks on their behalf. The company said users can establish dedicated wallets for these agents, which can analyze portfolios and suggest investments but only access pre-loaded balances for trading. Users will receive notifications for all trades made by their AI agents and can monitor activities within the Robinhood app.
For certain trades, agents will show a preview that users must approve before execution. The company added fraud detection protections, with a team reviewing suspicious trades and helping users resolve disputes. Robinhood said users can link their AI agents to its Model Context Protocol (MCP) service to analyze risk, execute trades, or review analyst notes for investment opportunities.
The agentic trading feature is currently in beta, supporting only stock trading, with plans to add options, crypto, and other assets soon. Robinhood also launched a virtual credit card for AI agents, available to Gold Card holders, with monthly spending limits and approval settings. The company plans to extend this feature to its Platinum Card later this year.
Robinhood has been enhancing its AI capabilities, including acquiring Pluto in 2024 and adding an AI assistant for investment advice. "We’ve heard a lot of demand from our customers to bring their own tools, LLMs, and agents, and connect them to Robinhood," said Abhishek Fatehpuria, VP of product at Robinhood.
Source: techcrunch
