Robinhood allows UK residents to lend stocks for extra income

ChainCatcher news, online brokerage platform Robinhood launched a stock lending program in the UK on Wednesday, allowing UK consumers to earn passive income through the stocks they hold, marking the company's latest effort to expand its overseas market share. This stock trading app was launched in the UK last November after two previous attempts to enter the market, and it stated that its new feature will allow UK retail investors to directly lend any stocks held in their portfolios to interested borrowers.