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Robinhood embraces copy trading after warning competitors about regulatory risks
Roughly nine months after suggesting that a young copy trading platform could only operate because it flew "under the radar" of regulators, Robinhood has announced its own entry into the space with "Robinhood Social," a new feature that will allow users to follow and manually replicate the trades of prominent investors.
The timing is particularly notable given the pointed criticism Robinhood faced earlier this year from Dub’s 23-year-old founder Steven Wang, who has positioned his platform as a more educationally-focused alternative to traditional trading apps. Wang has consistently argued that Dub’s approach – which includes risk scores, risk-adjusted returns, and portfolio stability metrics – represents a safer alternative to platforms like Robinhood. In his conversation with TechCrunch, Wang was also critical of Robinhood’s decision to offer meme coins like TRUMP, saying the incentives are “misaligned between these big platforms that are public companies now that need to make money.”
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