Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California, known for pioneering commission-free trades of stocks, exchange-traded funds, and cryptocurrencies 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. The company's revenue comes from three main sources: interest earned on customers' cash balances, selling order information to high-frequency traders (a practice for which the SEC opened an investigation into the company in September 2020), and margin lending. As of 2021, Robinhood has 31 million users and 1.6 million people on a waitlist for its cryptocurrency wallet.
| Company Name | Robinhood |
|---|---|
| Industry | Financial Services |
| HQ Address | California, US |
| Revenue | $1.82 Billion [2021] |
| Employee Size | 3800 |
| Company Type | Public |
| Fiscal Year-End | December 31st |
| Website | www.robinhood.com |
| Subsidiaries | Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC and More |
| Locations | Chicago, New York, Washington, Menlo Park, Denver, Lake Mary, Westlake |
| Competitors | Acorns, Coinbase, Betterment |
| Recognition & Awards | Glassdoor Best Places to Work – 2021 |
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