Robinhood Launches AI-Powered Crypto Tools for Smarter Investments
With the help of Pluto Capital, Robinhood Crypto Exchange is now providing AI tools to help customers with trading.
Robinhood, a US-based platform initially focused on stock trading, later expanded into the cryptocurrency market. The platform gained significant profit during the massive surge of the meme cryptocurrency Dogecoin (DOGE), driven by Tesla CEO Elon Musk’s influence. Capitalising on this success, Robinhood invested heavily in its crypto ventures. However, the company now faces legal challenges related to its cryptocurrency trading services.
On 1 July 2024, Robinhood Markets, Inc. announced that it is going to acquire Pluto Capital, Inc., an AI-powered investment research platform that provides highly customised investment strategies based on customer needs and financial goals.
Pluto capital & benefits for Robinhood customers
Pluto Capital is an AI-driven investment research platform that offers real-time insights on global financial data, enabling highly customised investment strategies.
Its advanced language models analyse stock prices, news, company financials, and SEC filings, providing users with a competitive edge in identifying market trends and opportunities.
Pluto’s AI tool, with its real-time insights on global financial data including stock prices, news articles, company financials, and SEC filings, enables quicker identification of market trends and opportunities. This gives Robinhood customers a competitive edge by allowing them to make informed investment decisions swiftly.
Also this AI tool will enhance Robinhood customers’ trading by assessing their risk tolerance, investment objectives, and past trades. It will then create highly customised investment strategies that align with each user’s financial goals and trading preferences.
By continuously monitoring portfolios and market conditions, the AI will provide real-time recommendations and adjustments, ensuring optimised performance and effective risk management.
Robinhood stock
The current trade price of Robinhood ($HOOD) stock is $22.79 & this trade price is 7.1% high over the last 30 months period.
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