Robinhood is an American-based financial services company that is one of the top online brokerage and investment applications where users can send, receive, and exchange crypto. It provides a stock exchange and crypto exchange platform without commission fees, which opens up the financial sector to ordinary investors. There is also a focus on privacy and security of its customers at Robinhood, and most coins are stored offline, which adds a layer of protection against online attacks.
Company Details
- Founders: Vladimir Tenev, Baiju Bhatt
- Founded: 2013
- Headquarters: Menlo Park, California, United States
- Industries: Cryptocurrency, FinTech, Stock Exchanges, Trading Platform
Key Features of Robinhood:
- Free trading of U.S. stocks, ETFs, cryptocurrencies, and even options trading.
- Simple user-friendly interface for beginner and advanced traders.
- Fractional shares allow users to invest in high-value stocks with low amounts.
- Helps to trade cryptocurrencies, allowing users to purchase and sell both cryptocurrencies and traditional securities.
- Instant deposits and a chance to choose margin trading using Robinhood Gold.
- Portfolio management software and capabilities that appear to be a robo-advisor, assisting users in diversifying their portfolios.
- It also complies with U.S. securities laws under FINRA and the SEC, as a regulated online brokerage.