Robinhood Markets, Inc.

Robinhood Markets, Inc. is a financial services company providing an electronic trading platform that democratizes access to financial markets. Founded in 2013 by Vladimir Tenev and Baiju Bhatt, it is headquartered in Menlo Park, California, and offers commission-free trading of U.S.-listed stocks, exchange-traded funds, options, futures, cryptocurrencies, and tokenized assets in select regions. The platform also includes cryptocurrency wallets, wealth management, credit cards, debit services, cash management, and a news site called Sherwood.News, often in partnership with FDIC-insured banks. Robinhood generates revenue primarily through payment for order flow, net interest income from margin lending and cash balances, options commissions, cryptocurrency trading, and subscription fees. With approximately 27.4 million funded customers, $279 billion in assets under custody, and around 2,300 employees, it targets millennials, with an average customer age of 35, and operates in the U.S., UK, and parts of the European Union. As a key player in the fintech sector within diversified financials, Robinhood Markets, Inc. has transformed retail investing by making it mobile, intuitive, and accessible to everyday users.