505, 2020
Robinhood funds earmarked for platform upgrades
Robinhood is a commission-free trading platform that allows users to trade stocks, ETFs, options, gold, and crypto via a mobile app or web browser. The company was founded in 2013 and has been one of the most successful fintech startups of recent years. Robinhood’s main source of revenue comes from interest earned on customers’ cash balances and margin lending. The company has ~10 million users.
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