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Robinhood boosts trading app with stock lending service

To be eligible, customers must have an account valued at $5,000 or more, $25,000 in income and some trading experience

Robinhood Markets said on 4 May that it is adding stock lending to its trading app, the latest in a string of products intended to shore up its business.

Customers who enable stock lending give Robinhood permission to lend out any fully paid stocks in their portfolio and will be paid when matched with a borrower. The brokerage has a dashboard to opt into the program and track earnings.

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