Robinhood Markets, Inc., founded on April 18, 2013, by Vladimir Tenev and Baiju Bhatt, is a financial services company based in Menlo Park, California. It provides an electronic trading platform that allows users to invest in stocks, exchange-traded funds (ETFs), options, and cryptocurrencies. Robinhood's mission is to democratize finance by offering commission-free trading, making financial markets more accessible to a wider audience, particularly millennials and younger investors. The company derives revenue from payment for order flow, options commissions, cryptocurrency transactions, equities, net interest income, and other sources. As of 2025, Robinhood had 27 million funded customers and $279 billion in assets under custody.
Vladimir Tenev is the CEO and Chairman of Robinhood. The company has expanded its services to include cryptocurrency wallets, wealth management, credit cards, and a news website called Sherwood.News. Recent news includes the launch of a public testnet for Robinhood Chain, a financial-grade Ethereum Layer 2 built on Arbitrum. The company is also expanding its reach internationally, including offering stocks and shares ISAs for UK customers and entering agreements to acquire Indonesian brokerage PT Buana Capital Sekuritas and licensed digital asset trader PT Pedaga. However, recent reports indicate that Robinhood's Q4 2025 revenue missed estimates due to a decline in crypto revenue, causing its stock to slump. Despite this, the company reported record full-year revenue of $4.5 billion for 2025.