Robinhood generated $1.86 billion revenue in 2023, a 37% year-on-year increase The stock trading app reported an annual net loss of $540 million in 2023 Robinhood had 10.8 million active users in 2022 It had $89 billion assets under management at the end of the second quarter 2023 ...
reducing barriers to entry, the platform quickly found a home with young, tech-friendly traders thanks to a simple design and intuitive trading experience. As of Oct. 16, 2024, the brokerage boasts 24.2 million funded customers, 11.8 monthly active users, and $139.7 billion in assets under ...
Robinhood further noted in its press release that law enforcement has been informed, and the incident is being investigated by security firm Mandiant. The company is also in the process of disclosing the breach to impacted users. "Following a diligent review, putting the entire Robinhood community...
Founded in 2013 and based in Menlo Park, California, Robinhood is an online broker that has raised $2.2 billion in venture capital funding and has more than 14 million monthly active users. The millennial- and Gen Z-focused broker is best known for offering $0 stock, ETF, options and crypt...
In fact, the company was recently valued at $7 billion, putting it firmly in the unicorn category in just a few short years. The Robinhood App Robinhood’s app is impeccably designed – smooth, sleek, intuitive, and easy to use. It actually makes investing fun, which can be good or ...
000 for cash. Fidelity and Robinhood both provide additional SIPC insurance covering up to $1.9 million in cash and an additional $1 billion in excess insurance coverage.1516This insurance protects against institutional failure, corporate malfeasance, and firm bankruptcy. There is no insurance that ...
Robinhood said it plans to sell shares at $38 to $42 each prior to its expected Nasdaq debut next week. That could value Robinhood at up to $35 billion, up from a private market valuation of $11.7 billion in September. Users flocked to Robinhood in the first quarter as crypto tradin...
Robinhood is a trading platform that allows users to buy and sell cryptocurrency. Technically, Robinhood is a cryptocurrency broker that allows users to transac...
Robinhood has a valuation of $20 billion as of 2021. How Many People Use Robinhood in 2024? Robinhood has had a great run in the market. The number of users on Robinhood increased from 13 million in 2020 to 31 million in 2021. This means the number of users doubled throughout the las...
Crypto Notional Trading Volumesincreased 112% year-over-year to $14.4 billion. Monthly Active Users (MAU)increased 7% year-over-year to 11.0 million. Webcast and Conference Call Information Robinhood will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET today, Octob...