About Robinhood

Robinhood Markets Inc., or simply Robinhood, is a U.S.-based financial services company headquartered in Menlo Park, California. The company offers the Robinhood smartphone mobile app, which allows individuals to invest in publicly tradedcompanies and exchange-traded funds listed on U.S. stock exchanges without paying a commission. The company makes money from interest earned on customers’ cash balances and margin lending, and by selling order flow to high frequency trading firms.

After an April 2017 fundraising, Robinhood had a $1.3 billion valuation. The Wall Street Journal reported in 2018 that the company had closed another round of financing that valued the company at $5.6 billion.

Robinhood Details
Operating Status: Active
Business Type: Private
Founded: 2013
Headquarters: Menlo Park, California, United States
Founders: Vladimir Tenev, Baiju Bhatt
Robinhood News
Square Testing a New Free Stock-Trading Service
September 14th, 2019

Square’s cryptocurrency-friendly payment app Cash App is reportedly testing a new feature allowing customers to buy and sell stocks. The startup’s employees began testing the new feature in recent weeks.

Coinbase and Ripple Fail to Become Top U.S. Startups to Work For: LinkedIn Report
September 6th, 2019

Last year, Ripple and Coinbase were ranked high by LinkedIn. In 2019, they have taken 28th and 29th positions accordingly.

Robinhood Is Authorized to Operate as a Broker in the U.K.
August 8th, 2019

Robinhood, the stock trading app, has been approved by the U.K. regulatory instances to operate as a broker. This is a part of the company’s plans to set up a shop in London.

Robinhood Raises $323M from DST, Sequoia, and Ribbit Capital Tops $7.6B Valuation
July 23rd, 2019

Robinhood, the stock trading app, has achieved a Series E valuation of $7.6 billion after a successful $323 million funding round led by DST Global, Ribbit Capital, Sequoia, NEA, and Thrive Capital.

Could Coinbase’s Brusque Market Disruption Be the Reason for Bitcoin’s Sudden Price Dip?
June 27th, 2019

Coinbase, a cryptocurrency exchange recording over $1 million Bitcoin trading volume, experienced a few minutes site crash. Bitcoin price concurrently plunges afterward within a period of 24 hours.

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Square Testing a New Free Stock-Trading Service

Square’s cryptocurrency-friendly payment app Cash App is reportedly testing a new feature allowing customers to buy and sell stocks. The startup’s employees began testing the new feature in recent weeks.

Biggest BTC ATM Network Coinme Raises $1.5 Million From Ripple’s Xpring

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SmileDirectClub Shares Go Down 28% below Their IPO Price

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There Are Many Requests from Interested Members, said Libra Association Director

The Libra Association director granted an interview with a French news firm where he gave a bit more insight into the progress made so far including that the Libra will launch by the second half of 2020 with many members as well.

Dash Launching on Coinbase Pro Cryptocurrency Exchange

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