Robinhood

Founded in 2012 and located in Menlo Park, California, commission-free stock, ETF, and cryptocurrency trading, as well as IRA management, are offered by Robinhood Markets, Inc., an American financial services firm. via a March 2015-released smartphone app. Robinhood is a broker-dealer authorized by the Financial Industry Regulatory Authority (FINRA), a participant in the Securities Investor Protection Corporation (SIPC), and a member of the U.S. Securities and Exchange Commission (SEC).

Interest on customer deposits, selling order data to high-frequency traders (a practice for which the SEC started an investigation into the company in September 2020), and margin lending make up the bulk of the company's revenue streams. By March 2022, Robinhood had 15.9 million active users and 22.8 million financed accounts. More than 2 million Robinhood customers received cryptocurrency wallets in April 2022.

Robinhood is worth $8.96 billion as of April 2023. As a result of this market capitalization, Robinhood is the 1608th most valuable company in the world. Robinhood's current revenue (TTM) is $1.35 billion, as of the most recent financial reports. The company's revenue in 2021 was $1.81 billion, significantly higher than the $0.95 billion it made in 2020.

Founded: April 18, 2013
Headquarters: Menlo Park, California, U.S.
Website: robinhood.com