Despite the fine, the fintech managed to go public in July

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Raising an additional $1.9 billion in the process. Today, over 18 million customers use Robinhood. Who owns Robinhood? The founders of Robinhood Markets Inc., Vladimir Tenev and Baiju Bhatt, are still the current owners of the company today, with Tenev as CEO and Bhatt as CCO (Chief Creative Officer). Robinhood's Mission Statement To democratize finance for everyone.


How Robinhood Makes MoneyDiscounts from market denmark telegram data makers and trading venues When users buy or sell stocks, ETFs, and options, Robinhood sends the order to market makers, or exchanges. Market makers offer discounts to brokerages while securing better prices for users. Robinhood's algorithm seeks to route the order to the market maker most likely to provide the best execution and a small portion to an exchange. Under proper exchange fee plans, the fintech pays the exchange when it takes liquidity, and gets paid when it provides liquidity.


The same thing happens with Robinhood Crypto, which receives volume discounts from trading venues, which provides competitive pricing. Robinhood gold The user pays $5 per month to access Morningstar research reports, NASDAQ Level II market data, larger instant deposits, and margin investing. When investing on margin, if the customer uses more than $1,000 in margin, they will pay 2.5% annual interest on the settled margin amount above $1,000.