Robinhood Markets
US-based financial services company / From Wikipedia, the free encyclopedia
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Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California.[2][3] It operates an electronic trading platform that facilitates commission-free trades of stocks, exchange-traded funds and cryptocurrencies as well as individual retirement accounts[4][5][6] via a mobile app introduced in March 2015. Robinhood is a FINRA-regulated broker-dealer, registered with the U.S. Securities and Exchange Commission, and is a member of the Securities Investor Protection Corporation.[7][2] The company's revenue comes from three main sources: interest earned on customers' cash balances, selling order information to high-frequency traders[8] and margin lending.[9][10] As of December 2023[update], Robinhood had 23.4 million funded accounts and 10.9 million monthly active users.[1][11] In April 2022, Robinhood rolled out a cryptocurrency wallet to more than 2 million users.[12]
Company type | Public |
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Founded | April 18, 2013; 11 years ago (2013-04-18) |
Founders | |
Headquarters | , U.S. |
Key people | Vladimir Tenev (CEO) Baiju Bhatt (Chief creative officer) |
Services | Stockbroker Electronic trading platform |
Revenue | US$1.865 billion (2023) |
US$−536 million (2023) | |
US$−541 million (2023) | |
Total assets | US$32.33 billion (2023) |
Total equity | US$6.696 billion (2023) |
Number of employees | c. 2,200 (2023) |
Subsidiaries |
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Website | robinhood |
Footnotes / references [1] |