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Seeking Alpha 2022-01-28 13:18:02

Robinhood maps out new crypto coins, retirement product, international expansion

Robinhood Markets (NASDAQ:HOOD) co-founder and CEO Vlad Tenev outlines a number of new products coming out this year during the fintech's Q4 earnings call. The company's stock, though, stays weak after it posted a wider-than-expected loss in Q4 and issued soft revenue guidance for Q1 2022. Robinhood (HOOD) stock slides 14% in premarket trading. Robinhood (HOOD) plans to add more coins to its cryptocurrency trading capabilities. While securities regulators are watching the space closely for coins that would be considered unregistered securities, Tenev said he's comfortable with Robinhood's (HOOD) analysis and "we intend to add more coins going forward. The fintech expects to launch a fully-paid securities lending program in the first half of 2022, though it's still discussing the product with regulators. In addition, it's planning to roll out a feature that expands available trading hours later this quarter. The company is working on introducing more offerings that make investing

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