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Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Asset & Financial Management & Trading
robinhood.com

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Founded Year

2013

Stage

IPO | IPO

Total Raised

$5.572B

Date of IPO

7/29/2021

Revenue

$0000 

About Robinhood

Robinhood (NASDAQ: HOOD) allows users to invest commission-free in United States stocks and ETFs.

Robinhood Headquarter Location

85 Willow Rd

Menlo Park, California, 94025,

United States

Latest Robinhood News

Robinhood Crypto COO, CTO Hint That DeFi Features Are Coming

Sep 27, 2021

Robinhood Crypto COO, CTO Hint That DeFi Features Are Coming Robinhood's forthcoming crypto wallet "is the first step," Christine Brown said, toward helping customers "use your coins to do things in the crypto ecosystem." Robinhood Crypto COO Christine Brown onstage at Messari Mainnet 2021 For a brokerage like Robinhood, it’s a huge risk to let your customers withdraw cryptocurrencies out of your perfectly pruned garden and into the vibrant and lucrative Wild West of decentralized finance. If they like what they see, they might not come back. But stagnancy in this fast-paced market is an even greater risk, especially when splashy headlines about DeFi and NFTs show Robinhood Crypto customers what they might be missing. So on Wednesday, Robinhood announced it will launch a waitlist next month to start allowing withdrawals of coins like Bitcoin, Ethereum and Dogecoin, and that all users will be able to move coins onto or off the app by early 2022. “We are enabling our users to take the crypto that they own, move it off the app if they want to, opening up a broader crypto ecosystem,” said Robinhood Crypto COO Christine Brown. “It also enables users who want to consolidate on a single platform to come to Robinhood, get commission-free trading, and all the benefits that we have on our app.” Brown has dangled hints of future “benefits” ever since she spoke to Decrypt in May . This week, in interviews with Decrypt at the Messari Mainnet conference in New York, she again hinted that she’d also like to let customers explore DeFi—while trying to keep them engaged in commission-free trading on Robinhood. “We would love to give more opportunities for our customers,” Brown said onstage at Mainnet, “that would actually make [crypto] a utility in their lives and not just an investment asset.”  She had already told Decrypt in May that staking, lending, and other decentralized finance tools are under consideration. That would bring Robinhood Crypto more in line with crypto exchanges like Coinbase, Kraken, and Binance. Onstage with Brown at Mainnet, Robinhood Crypto CTO Johann Kerbrat echoed the same hints: "We can't tell too much about our roadmap, but something I'm really excited about is staking in general," he said. "When we are talking about the inflation rising, and savings accounts that are not producing any yield, I think staking could be something very interesting for a lot of people." Brown also hinted that the platform could add NFT trading if consumer demand warranted it. “If you want to acquire coins at no commission fees … and go acquire an NFT, we’re gonna support that,” she said. Brown said that even once the app adds the option to transfer coins, she expects people will still trade on Robinhood. After all, Robinhood was many people’s first venue for trying crypto, and it’s still far cheaper than trading on Ethereum decentralized exchanges. “A lot of [customers] haven't transacted on-chain,” she said. “So the idea of managing their own keys is something that maybe they don't actually want to do. And so this gives them the best of both worlds… And if they do say, ‘not your keys, not your coins,’ then we support them transferring off for sure.” For Brown, the risk of letting customers leave the platform is worth it. “Wallets is the first step,” she said. “It's taking something that was one dimensional—you buy it, you hold, you sell—hopefully, the price goes up in that time—to something that is multidimensional. You can actually use your coins to do things in the crypto ecosystem." https://decrypt.co/81946/robinhood-crypto-coo-cto-defi-tools

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Robinhood

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Robinhood is included in 6 Expert Collections, including Smart Money VCs (2017-2019).

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

W

Wealth Tech

1,123 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

F

Fintech 250

248 items

C

Capital Markets Tech

1,306 items

Companies in the capital markets tech space are providing software and/or services for investment banks, hedge funds, investment managers, and so forth. Companies included use technology across the front, middle, and back-offices and streamline all pre- and post-trade operations.

E

Enterprise SaaS

2,452 items

Software-as-a-service (SaaS) – internet based software offered as a subscription – continues to become the de facto standard for software distribution and consumption. Enterprise SaaS continues to show particular promise, emerging as one of the most well-funded categories. Startu

F

Future of Fintech 2018

22 items

The Future of Fintech 2018 is a one-of-a-kind gathering of the world's largest financial institutions, best fintech startups, and most active venture investors. This collection contains all startups, investors, moderators and speakers from the Future of Fintech 2018 lineup.

Robinhood Patents

Robinhood has filed 12 patents.

The 3 most popular patent topics include:

  • Graphical control elements
  • Graphical user interface elements
  • Graphical user interfaces
patents chart

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2/9/2021

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Graphical user interface elements, Graphical user interfaces, Graphical control elements, Graphical user interface testing, User interfaces

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Related Topics

Graphical user interface elements, Graphical user interfaces, Graphical control elements, Graphical user interface testing, User interfaces

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