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Robinhood launches its own trade-clearing system as customer growth surges

CNBC.com
Robinhood launches its own trade-clearing system as customer growth surges

Online brokerage Robinhood just paved the way for expansion by getting rid of a key middleman. The fintech start-up, famous for its zero-fee trading platform, spent the past two years building an independent clearing system that will allow it to settle and clear transactions and provide custody for assets