The number of active monthly users of the commission-free trading app Robinhood grew steadily since 2014, even though the app did not officially launch until mid-2015. The number of users grew from ************** in 2014 up to **** million, reaching a peak in 2021. While the number of active monthly users now rests at under ** million, the Average Revenue Per Users (ARPU) has increased. The app’s net revenue did also grow steadily since its official launch, reaching *** million U.S. dollars as of 2023. Robinhood and the GameStop story Robinhood was a key player in the GameStop story in January 2021, when they restricted the trading of GameStop stocks for a few days. The platform with its commission-free trading is known to be "for the young and poor" and their trading halt caused a lot of anger among its users, who called it market manipulation and claimed the company was helping the hedge funds. Did the GameStop story affect the number of downloads? The number of downloads of the Robinhood app increased markedly in April 2021. The number of downloads grew by almost five times compared to the previous month, reaching around 3.23 million downloads from Google Play Store and Apple App Store in April 2021. This increase show that the app had a central role for the GameStop stocks, where young investors saw an opportunity to make money with commission-free trades.

Downloads of the trading app Robinhood grew over five times between December 2020 and January 2021, according to Google Play Store and Apple App Store figures. The number grew from around ******* downloads in December 2020 up to around **** million downloads in January 2021. The reason for the increased number of downloads was that the app played a central role in the GameStop story in January 2021, where young investors saw an opportunity to make money on the GameStop stocks with commission-free trades via the Robinhood platform. Popularity of Robinhood Investors' viewpoints are increasingly turning toward the utilization of technology when investing as the majority of wealth management clients worldwide agreed technology has improved investing decision making and allowed for higher efficiency and reduced costs. Robinhood's ease of accessibility to investors and low-cost business model are contributing factors that allowed them to previously outperformed other leading trading apps in the number of monthly active users on their platform. The future of online trading The total net revenue of Robinhood has continued to increase with a large spike in the fourth quarter of 2020. Despite events such as the GameStop story passing, Robinhood`s revenue has continued to grow. Many traditional asset management firms are also beginning to implement technology in their business operations as the technological move becomes more prominent. The global online trading market is forecast to continue to increase in value in the coming years, leaving opportunity for online trading platforms like Robinhood to expand.

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to monitor securities, ETFs, and cryptocurrencies, as well as cash management services; and offers First trade recommendations to all new customers who have yet to place a trade. Robinhood Markets, Inc. was incorporated in 2013 and is headquartered in Menlo Park, California.

The net revenue of the online trading platform Robinhood experienced a peak of *** million U.S. dollars in the second quarter of 2021. Following this, revenues have remained relatively stable, resting at *** million U.S. dollars in the final quarter of 2023. Robinhood came under the spotlight in January 2021, in connection with the GameStop story, when they implemented a trade halt on GameStop stocks for a few days, which benefitted the hedge funds who were still able to trade, and upset their users.

Financial overview and grant giving statistics of Robinhood Group

In 2022, Robinhood, probably the most well-known online trading platform and neobroker worldwide, had ** million net cumulative funded accounts, with **** million active users on average. Robinhood users committed approximately ** billion U.S. dollars to invest on the trading app.

Financial overview and grant giving statistics of Robin Hood Foundation Inc.

In August 2022, the daily average revenue traded (DART) came to a total of *** million U.S. dollars for the American online trading company Robinhood. The decrease of *** million U.S. dollars was spread across all security types as trading dipped from 2021. The DART is a popular metric for online brokerage firms as it details the number of trades per day and the level of profit generated from the fees.

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Financial overview and grant giving statistics of Black Robinhood Foundation

Financial overview and grant giving statistics of Robin Hood Israel Foundation

Higher income groups visited Robinhood and cryptocurrency exchanges more frequently than users with a lower household income. Because of this increase in visits per user as income increases - especially among those above ******* U.S. dollars - the source believes Robinhood’s offering on zero commission trades could potentially be interesting for users with greater savings and who are exploring active investing. Indeed, the number of users of the commission-free trading app nearly doubled in 2021. The source does not elaborate on the crypto markets, although there are known stories of so-called "whales" - large investors who buy crypto in such high quantities it may offset the price of a particular coin. These whales tend to be companies that deliberately hold on to specific cryptocurrencies, such as Bitcoin.

Based on monthly active users, Robinhood is by far the most popular eTrading app in the world. As of July 2021, there were over *** million Robinhood users - over double the users of second-placed WeBull. User numbers spiked in early 2021, reaching a peak of over **** million in May 2021. The timing of this spike in popularity is likely influenced by the media attention paid to retail investors, generally using eTrading apps, coordinating their activity via social media to drive up the stock price of companies such as GameStop and AMC Entertainment.

The liabilities of Robinhood Markets with headquarters in the United States amounted to ***** billion U.S. dollars in 2024. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2020 this is a total increase by approximately **** billion U.S. dollars. The trend from 2020 to 2024 shows, however, that this increase did not happen continuously.

Financial overview and grant giving statistics of Robin Hood Animal Rescue

Financial overview and grant giving statistics of Robin Hood Pto Inc.

According to the number of downloads, Robinhood is the most popular neobroker app worldwide. In January 2021, Robinhood monthly downloads peaked at over *************. By contrast, eToro's downloads peaked in May 2021 at nearly ***********.

The net cash of Robinhood Markets with headquarters in the United States amounted to **** million U.S. dollars in 2024. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2020 this is a total decrease by approximately * billion U.S. dollars. The trend from 2020 to 2024 shows, however, that this decrease did not happen continuously.

Financial overview and grant giving statistics of Sherwood Robin Hood Festival Association

The total equity of Robinhood Markets with headquarters in the United States amounted to * billion U.S. dollars in 2024. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2020 this is a total increase by approximately * billion U.S. dollars. The trend from 2020 to 2024 shows, however, that this increase did not happen continuously.