Robinhood Plans to Let AI Agents Trade Crypto for US Customers
Robinhood will quickly let eligible US prospects join a man-made intelligence (AI) agent to a devoted account and commerce crypto on their behalf.
The dealer introduced the growth throughout a latest presentation, including crypto to a product it first opened to equities in May.
Agentic Trading Moves Into Crypto
Robinhood launched Agentic Trading on May 27, initially in beta with help for equities solely. At the time, the corporate stated crypto, occasion contracts, and futures would observe.
The latest announcement confirms crypto is subsequent. Connected brokers will supply the identical real-time profit-and-loss monitoring and push notifications already constructed into the equities product.
Customers open a separate account and fund it instantly. The agent solely accesses these funds, and customers can disconnect it at any time. Agents hyperlink via Robinhood’s Model Context Protocol servers.
Early demand has been steep. More than 70,000 agentic accounts have opened within the first few weeks, a Robinhood govt revealed throughout a presentation.
“This is one other massive step in the direction of giving retail traders each benefit that establishments have loved for many years,” she said.
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Regulators and Rivals Circle the Agentic Trading Space
Robinhood just isn’t alone. Coinbase introduced Coinbase for Agents in June, letting customers join brokers to deal with trades, funds, and automatic duties. AI brokers have additionally reached tokenized stocks through Virtuals.
The speedy adoption has drawn scrutiny. In June, House Financial Services Committee Democrats despatched the SEC 13 questions on agentic buying and selling, setting a July 31 deadline for solutions.
Representatives Bill Foster and Brad Sherman warned that brokers educated on related knowledge might herd and amplify market volatility. They additionally questioned the legal responsibility of broker-dealers and builders.
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