HOODRobinhood
HOOD · 15m · LEGENDOHLC
HOOD
Robinhood
Market cap
$75.0B
Today’s move
Updated - ago
Robinhood shares are trading up modestly by 0.78% to $81.285, consolidating following a period of high volatility driven by broader post-earnings digestion from its Q3 report.1 Investors continue to weigh strong quarterly revenue against a sequential slowdown in crypto trading volumes and mixed Wall Street price targets.2
About
Robinhood Markets, Inc. is a financial services company based in Menlo Park, California, founded in April 2013. The company operates an electronic trading platform that facilitates trading in stocks, exchange-traded funds, options, futures contracts, and cryptocurrencies. In addition to brokerage products, the platform offers cryptocurrency wallets, wealth management, consumer credit cards, and cash management accounts in partnership with FDIC-insured banks. Robinhood conducts these activities through operating subsidiaries, including Robinhood Financial for brokerage operations, Robinhood Securities for clearing, and Robinhood Crypto for digital assets. The firm generates revenue through payment for order flow and transaction fees, net interest from margin lending and customer cash balances, securities lending, and Robinhood Gold subscriptions. Its trading platform is available to customers in the United States, the United Kingdom, and the European Union. Robinhood Markets, Inc. lists its Class A common stock on the Nasdaq under the ticker symbol HOOD.