Robinhood Opens Platform to AI Agents for Stock Trading and Credit Card Spending
Robinhood has launched Agentic Trading and the Agentic Credit Card, allowing AI agents to autonomously trade stocks and make credit card purchases for users. These AI agents connect to Robinhood via Model Context Protocol (MCP) servers. For trading, users deposit funds into a separate agentic account, with notifications and real-time updates provided; agents can be disconnected at any time. The Agentic Credit Card is a virtual Gold Card with a user-defined spending limit and optional manual approval, offering 3% cash back. Initially available to existing Gold Card holders, the card enables AI-driven purchases such as monitoring prices or making reservations. Robinhood plans to expand Agentic Trading to other assets, including options, crypto, and futures. The company warns of potential AI errors and emphasizes user responsibility for oversight. Following the announcement, Robinhood shares rose about 1% to just under $75 but remain down 11% for the month and nearly 34% year-to-date.
