How different is the ever-changing regulatory environment.
After about nine months of suggesting that a young copy trading platform can only work, Robinhood can announce its entry into the field with “Robinhood Social”, a new feature that will allow users to follow and manually copy transactions from famous investors.
The move represents a surprising opinion from online brokers, which has historically been cautious about features that may cause regulatory scrutiny. The company famously gave up on the celebration Digital confetti Its pre-IPO feature, which makes its embrace of copy deals, is another potential gaming feature that is even more compelling after regulators raise concerns about gaming transactions.
This vigilance is fully demonstrated in December Talk to this editor Regarding Upstart copy trading platform dubbing, Robinhood CEO Vlad Tenev suggested that such platforms operate mainly because they are smaller in size, so it is recommended that “copy transactions may arouse greater interest from regulators” and that the dubbing may not be under “magnified glass” yet because it is relatively small in size. ”
Now, Robinhood bets that the regulatory landscape has changed enough to safely enter the copy trading market.
The timing is particularly noteworthy given the sharp criticism faced by Dub’s 23-year-old founder Steven Wang.
“I respect what I have so much respect [CEO] Vlad [Tenev] It has done it in terms of free transactions. ” The king tells me Back to February. “But at the end of the day, it’s easy to trade without expert guidance and without education, which is really just a gambling for the wider population.”
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Wang has always believed that DUB’s approach, including risk scores, risk-adjusted returns and portfolio stability indicators, represents a safer alternative to platforms like Robinhood. In a conversation with TechCrunch, Wang also criticized Robinhood’s decision to offer meme coins like Trump, saying the incentives “are not right between these big platforms between these public companies and now it needs to make money.”
Tuesday’s news, announced during Robini’s period Company Activities Earlier in the day $47 million Investor’s funds. But after commenting, a Robinshid spokesperson replied via email: “No, this is not an acquisition, we are robbing our own platform.” The release time did not return Wang’s request for comment.
Robinhood’s copy transaction version is meaningfully different from established players such as Dub and Etoro, which has provided copy transactions to U.S. users through its years. Imitator feature. While Etoro allows automatic copying of other merchants’ portfolios (only other American traders are copied by US users due to regulations), DUB allows users to automatically copy the entire portfolio to a subscription of $10 per month, while Robinhood Social Will Will Will Will Will Will Will Will Will Will Will Will Will Will Will Will Will Will Will Will Will Will Will Will Will Will Will Will Will Will Will Manually Copy Trading, which may help resolve the illness of regulatory issues.
The platform, which will launch early next year, will feature verified traders and showcase activities of prominent investors and members of Congress. Unlike informal copy transactions that occur on social media, Robinhood will require authentication and proof of actual portfolio positions. According to the company, the program is to first invite 10,000 robbery social users to test the service before conducting a wider promotion.
Launch is a time when regulatory landscapes develop rapidly. Crypto companies have been under rigorous scrutiny under the Biden administration, and many have become publicly traded companies in recent months, while the Trump administration’s stance on crypto-friendly eases the road. Meanwhile, copy transactions (which have been common in Europe for a long time but are severely restricted in the United States) may eventually gain acceptance.
As can be seen from the camera, Robinhood enters a copy transaction not only represents another feature release. It may mark the opening of a wave of new platforms. If Robinhood can successfully negotiate a long-term limited legal landscape in the United States in copy trading, it seems likely that other fintech clothing will follow suit. Etoro’s Successful IPORaised $310 million, and debut stocks rose 29%, which has proven investors’ interest in replicating trading platforms.
For retail investors, is this potential wave good news or bad thing – or will it mostly increase fintech valuations – an open question. Robinhood shareholders are probably the clearest winners right now.
