SEC Rule Change Boosts Robinhood, Schwab Enters Crypto Market
Robinhood (HOOD) stock surged 6% following the SEC's removal of the $25,000 pattern day trader rule, which is expected to benefit its retail trading platform. Charles Schwab (SCHW) is launching crypto trading with a 1% transaction fee, adding competition. Robinhood reported strong financial results, including $4.47B in 2025 revenue and a 58% increase in Gold subscribers.
Tickers: $HOOD $SCHW $SCHW PRD