Robinhood’s new service is powered by Gopuff and provided in partnership with Coastal Community Bank.
Robinhood (HOOD) announced on Thursday that it will now offer its traders to have cash delivered to their doorsteps.
Add Asianet Newsable as a Preferred Source
In partnership with Coastal Community Bank, a Member FDIC institution, and delivery service Gopuff, Robinhood’s new feature is designed to simplify access to funds for its retail traders.
Robinhood Expands Financial Services Beyond Trading
While Robinhood itself is not a bank, the collaboration with Coastal Community Bank ensures that the cash withdrawal service is backed by FDIC protections, the company said.
Get updates to this developing story directly on Stocktwits.<
Read also: Circle Stock Gains Pre-Market After JPMorgan Turns Bullish, Cathie Wood’s Ark Invest Buys The Dip
For updates and corrections, email newsroom[at]stocktwits[dot]com.<