In this photo illustration, the Robinhood Markets Inc. website is shown on a computer on June 06, 2024 in Chicago, Illinois.
You can think of stock lending like "renting" out your stocks for extra cash.
Customers are able to sell lent stock at any time and withdraw proceeds from sales once the trades settle, Robinhood said.
It is not guaranteed stocks lent out via its lending program will always be matched to an individual borrower, however.
"Stock Lending is another innovative way for our customers in the UK to put their investments to work and earn passive income," Jordan Sinclair, president of Robinhood U.K., said in a statement Wednesday.
Persons:
—, Robinhood, Jordan Sinclair
Organizations:
Robinhood, Wednesday
Locations:
Chicago , Illinois, U.K