Full-Time
Staff Product Manager
National Impact
Updated on 8/21/2026
Robinhood
1,001-5,000 employees
Commission-free stock trading platform
Compensation Overview
$150k - $225k/yr
Company Historically Provides H1B Sponsorship
New York, NY, USA
Hybrid
Minimum three days in the New York office per week; semi-regular travel to Washington, DC required.
 Product (1) |
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- The candidate must have 5+ years of experience building and shipping high-quality consumer fintech product experiences.
- The candidate must have experience working with third-party partners on large-scale projects to deliver a shared product.
- The candidate must have a track record of shipping 0-1 products at scale, beyond prototypes and pilots.
- The candidate must have strong product judgment and the ability to turn ambiguous opportunities into clear strategy, roadmap, and execution plans.
- The candidate must be able to operate in unclear, 0-1 situations while sustaining a high quality bar under real-time pressure.
- The candidate must have experience working with legal, compliance, operations, policy, or other regulated-product stakeholders.
- The candidate must have strong leadership, communication, and relationship management skills, with experience influencing across highly cross-functional teams.
- The candidate must have experience using research, experimentation, and product analytics to guide decision-making.
- The candidate must be passionate about democratizing finance and building products that expand financial access at national scale.
- Own end-to-end product for 0-1 launches, from initial concept through national rollout.
- Set and execute the product vision and strategy for National Impact, including growing Trump Accounts and identifying the next verticals where a government partnership unlocks financial access at scale.
- Lead engineers, designers, researchers, data scientists, marketers, and cross-functional partners to better understand customers, government stakeholders, and barriers to financial access.
- Set the quality bar for copy, flows, edge cases, and launch readiness so complex financial and government workflows feel simple and trustworthy.
- Translate ambiguous regulatory, operational, and partnership requirements into clear, dependable customer experiences.
- Partner with legal, compliance, policy, operations, finance, communications, and external partners to build products correctly.
- Keep teams aligned and moving quickly across product, regulatory, operational, and partnership workstreams, and deliver on time against public commitments.
- Communicate strategy, tradeoffs, and the reasoning behind them to senior leadership.
- Foster a culture of ambition, learning, and iteration through experimentation, customer research, and big-picture thinking.
Robinhood provides a mobile and web platform that lets people buy and sell stocks, options, ETFs, and cryptocurrencies without paying commissions. It also offers fractional shares so users can invest small amounts (as little as $1), and features like Cash Management with a debit card. Premium services through Robinhood Gold add margin trading and professional research. Revenue comes from interest earned on uninvested cash, rebates from trading venues, and subscription fees. The platform is designed to be easy to use, making investing accessible to beginners and a broad audience. Compared with traditional brokers, Robinhood emphasizes low costs, simple interfaces, and broader access to investing tools (including IPO access in some cases), aiming to democratize investing and expand participation in the financial markets.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Menlo Park, California
Founded
2013
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Simplify's Take
What believers are saying
- Q2 2026 revenue hit $1.308 billion, up 32%, showing strong monetization.
- Robinhood launched U.K. crypto trading on August 10, 2026, across 50 tokens.
- Trump Accounts, RVI, and Robinhood Chain expand sticky products beyond trading commissions.
What critics are saying
- Wisconsin sued Robinhood on April 23, 2026, seeking to block event contracts statewide.
- Crypto revenue fell in Q1 2026 from lower rebate rates and fewer traders.
- Regulators can gut event contracts, crypto, and payment flows, collapsing Robinhood's growth engine.
What makes Robinhood unique
- Robinhood bundles stocks, options, futures, crypto, and ISAs inside one app.
- Bitstamp and WonderFi give Robinhood regulated crypto rails across the U.K., EU, and Canada.
- Robinhood owns distribution in prediction markets through Robinhood Derivatives and Rothera.
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Benefits
Well-being - Premium medical, dental, and vision insurance
Family & home life - Parental leave, personal prosperity benefits
Comfort & care - Flexible work from home / office balance, health & wellness stipend
Office life - Catered meals and fully stocked kitchen, commuter benefits
Growth - Education and training, community events, career mentorships
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -1%Fundstrat's Tom Lee updated his stock picks for 2026, adding JPMorgan and Arista Networks whilst naming Robinhood a stock to avoid. His Investment Committee immediately pushed back. Kevin Simpson of Capital Wealth Planning disagreed, citing Robinhood's record second quarter. Revenue rose 32% year-over-year to $1.31 billion, whilst diluted earnings per share climbed 48% to $0.62. Net deposits hit a record $22 billion. Despite crypto transaction revenue falling 38% to $100 million, Robinhood has pivoted to infrastructure. It launched Robinhood Chain in July, a layer-2 blockchain for tokenised stocks and decentralised lending. The chain's total value locked has topped $550 million.
Kraken US stocks land in Europe with a tokenized twin. August 18, 2026 * Kraken opened trading in more than 7,000 US-listed stocks across the European Economic Area. * The equities business runs through a Cyprus-licensed entity under MiFID II rules. * Users can hold the same company as a custodied share and as a wallet-transferable token. * Bitpanda, Robinhood and Crypto.com already compete for the same European retail account. Kraken switched on traditional US equity trading for customers across the European Economic Area on August 18, 2026, opening access to more than 7,000 US-listed stocks next to the 600-plus crypto assets and 700-plus tokenized xStocks already on the platform. The service runs through Payward Europe Digital Solutions (CY) Limited, Kraken's Cyprus-based investment firm licensed by the Cyprus Securities and Exchange Commission, under a MiFID II authorization that passports the offering into every EEA member state. Trading is live on Kraken Pro across web and mobile and on the standard retail app, with equity commissions waived for eligible users, though currency conversion costs and market spreads still apply. Germany, France and the Netherlands got contained pilots first. Spain, Italy, Ireland, Sweden, Austria, Portugal and Norway are among the markets added in this final phase. One company, two versions, same account. Plenty of platforms sell Europeans exposure to Apple or Nvidia. What separates this launch is that a Kraken customer can now hold the actual share and its tokenized counterpart without moving capital between products or providers. That reads like a plumbing detail. It is closer to a bet on which format eventually wins. xStocks arrived in mid-2025 through a partnership with the tokenization protocol Backed Finance, collateralized one-to-one against the underlying equities. The two formats diverge well before a trade ever settles. TRADITIONAL SHARE HOURS Fixed US exchange sessions CUSTODY Held by a traditional custodian MOBILITY Confined to the Kraken platform RIGHTS Voting and full legal entitlements TOKENIZED xSTOCK HOURS 24/5 on crypto rails CUSTODY Withdrawable to a self-custody wallet MOBILITY Composable inside DeFi protocols RIGHTS Generally no voting rights Mark Greenberg, Chief Commercial Officer at Payward, described the launch as removing what he called the artificial divide between traditional and tokenized formats of the same asset. The commercial logic behind the phrasing is plain enough. A customer who can move between a custodied share and a wallet-held token without leaving the app has one less reason to open an account somewhere else. The licence did the heavy lifting. A crypto exchange cannot simply bolt equities onto its order book. Listing traditional shares drags the operator into the same regulatory perimeter as any European broker, which is why the business sits inside Payward Europe Digital Solutions (CY) rather than the entity handling crypto. MiFID II authorization carries obligations that crypto trading in Europe never imposed: appropriateness assessments, best execution duties, client asset segregation, detailed reporting to the national supervisor. Users meet that at signup. European clients face multi-step onboarding covering identity documentation, a financial knowledge questionnaire and tax eligibility verification before equity trading unlocks. The questionnaire is not a formality - under MiFID II a firm has to establish that a retail client understands the instrument in front of them, and a failed assessment can restrict access. Cyprus is a deliberate choice. CySEC-licensed investment firms passport their authorization across the entire EEA, so one supervisory relationship replaces thirty. Kraken is neither the first nor the last crypto operator to route European brokerage through Limassol. Where xStocks actually sits in the tokenized market. Kraken puts cumulative transaction volume through xStocks above $38 billion since the June 2025 launch. On market capitalization, Token Terminal data as of August 17 placed xStocks second among tokenized stock issuers, behind Ondo Finance and ahead of Binance's bStocks, though trackers label these differently - the tokens are issued by Backed Finance, with Kraken acting as distribution partner, and some datasets report the position under the issuer name instead. TOKENIZED STOCK ISSUERS BY MARKET CAP Ondo Finance $974M Kraken xStocks $609M Binance bStocks $544M Europe gets what the SEC will not clear. American retail investors cannot buy tokenized equities through a domestic exchange. The SEC's position on securities issuance, transfer agent requirements and settlement finality leaves no clean route for a US platform to hand a retail client a wallet-transferable share certificate. Europe wrote different rules. MiCA covers crypto-asset services, MiFID II covers securities, and the boundary between them is defined well enough that a firm can build across both without waiting for a no-action letter. That gap explains why so much cross-asset infrastructure gets tested on European users first. Crypto.com opened tokenized stock trading to EEA customers on August 12, 2026 with roughly 1,500 assets, six days ahead of Kraken. Binance runs bStocks. Coinbase offers integrated equities at home but leans on equity-linked perpetual futures and on-chain tooling for its international base. | PLATFORM | EEA OFFERING | FORMAT | | Kraken | 7,000+ US stocks, 700+ xStocks | Both | | Bitpanda | 10,000+ fractional stocks and ETFs | Traditional | | Robinhood | 2,000+ equities for EU citizens | Tokenized | | Crypto.com | ~1,500 assets, live August 12, 2026 | Tokenized | Bitpanda beats Kraken on raw instrument count. Robinhood reached the tokenized market earlier. Kraken's claim is narrower and harder to copy at speed: no other platform in the region fuses a regulated brokerage account with certificates a customer can withdraw to a wallet. Stocks are the retention play, not the revenue. For a European retail investor the immediate effect is one fewer account to maintain. Funding, portfolio reporting and tax documentation consolidate. The trade-off is concentration, and anyone who lived through 2022 understands what a single-venue balance means when the venue fails. Kraken earns almost nothing on commission-free equities, with conversion spreads doing the modest work. The value sits in what a stock portfolio does to churn. Crypto balances leave quickly. Equity positions held for years do not, and that changes how a business gets valued. The pattern repeats across jurisdictions - in July the exchange launched CFTC-regulated perpetual futures for eligible US clients through Bitnomial, the Chicago derivatives venue its parent acquired earlier in the year, giving American traders spot, margin, CME futures and perpetuals inside one collateral pool. Payward reported $508 million in Q2 revenue, up 17% year-over-year, against a backdrop of widely reported listing preparations. A brokerage arm holding sticky retail assets reads very differently to prospective public investors than a revenue line that tracks Bitcoin volatility. Settlement remains the open question. Tokenized equities depend on issuers such as Backed Finance holding the underlying shares and honoring redemptions, which quietly reintroduces the counterparty exposure that on-chain finance claims to remove. Supervisors across the EEA have begun examining that structure, and any guidance on collateral verification or redemption obligations would land directly on the product Kraken has built its differentiation around. Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Robinhood starts enabling crypto trading in the UK. August 14, 2026 Robinhood has expanded its presence in the UK's digital-asset market with the launch of crypto trading for eligible customers, giving users access to over 50 tokens through its investment app. The new service sits alongside products already available to UK users, including futures, options, equities, and stocks and shares ISAs. Crypto transactions are being offered through Bitstamp UK Ltd, the regulated digital-asset business that became part of Robinhood following its acquisition of Bitstamp in 2025. The launch follows Robinhood's announcement in July that it planned to introduce cryptocurrency services in the UK as part of a broader push across Europe. At the time, the company also outlined plans involving additional crypto products and Robinhood Chain, its blockchain infrastructure. Robinhood said customers using the new service will not pay trading commissions, custody fees, or account maintenance costs. The company is positioning the fee structure as a cost-conscious alternative to services offered by some other cryptocurrency platforms operating in the UK. The available assets include some of the largest and most actively traded cryptocurrencies, such as XRP, Bitcoin, and Ethereum, as well as Hyperliquid. Robinhood UK's president Jordan Sinclair noted that interest in digital assets was growing among British investors seeking broader portfolios. He described the launch as another step in Robinhood's effort to develop a single platform covering a wider range of investment products. The cryptocurrency rollout also strengthens Robinhood's existing UK operations in the sector. The company's purchase of Bitstamp brought an established exchange into its broader crypto division and provided additional infrastructure for its international expansion. Robinhood is introducing an AI-powered feature called Cortex Digests for Crypto alongside the trading service. The tool is designed to process market information, including developing news, trading data, technical signals, and information generated within Robinhood's platform. According to the company, Cortex Digests will present the information in straightforward language and highlight developments that may be influencing individual cryptocurrencies. The feature is intended to help users understand market movements by providing additional context rather than simply displaying price changes. The company is also opening its blockchain infrastructure to developers in the UK. Developers can build applications using Robinhood Chain, a Layer 2 network developed on Arbitrum and linked to Robinhood's wider onchain ecosystem. Robinhood says the network is intended to support applications and services involving digital assets, extending the company's role beyond cryptocurrency trading and into the infrastructure underpinning blockchain-based financial products. Robinhood's debut of crypto trading services in its UK operations is likely to be welcomed by the wider crypto industry, including leading firms like Marathon Digital Holdings Inc. (NASDAQ: MARA), as it is an additional way through which cryptos can penetrate mainstream finance networks. About CryptoCurrencyWire CryptoCurrencyWire ("CCW") is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge. To receive SMS alerts from CryptoCurrencyWire, text "CRYPTO" to 888-902-4192 (U.S. Mobile Phones Only) Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published: https://www.CryptoCurrencyWire.com/Disclaimer CryptoCurrencyWire is powered by IBN Select A Month
Baltimore takes legal action against Kalshi and Polymarket, implicates Coinbase and Robinhood. Tldr. Table of Contents * The City of Baltimore initiated legal proceedings against prediction market operators Kalshi and Polymarket, accusing them of running illegal sports wagering operations * Trading platforms Coinbase, Robinhood, and Webull face inclusion as co-defendants in the lawsuit targeting Kalshi * Baltimore argues these platforms function as unlicensed sports betting operations disguised under alternative branding * The city pursues financial penalties, user compensation, and injunctive relief to halt platform operations * This legal action creates a jurisdictional showdown between municipal regulations and federal CFTC authority On Thursday, Baltimore officials initiated legal proceedings against two prominent prediction market operators, Kalshi and Polymarket. The lawsuits, brought by Mayor Brandon Scott alongside the Baltimore City Council through Baltimore City Circuit Court, contend that both companies have been facilitating unlicensed sports wagering for city residents. According to municipal authorities, these platforms provide wagering opportunities identical to those found on state-licensed sportsbooks - including bets on game outcomes, point spreads, and individual player statistics - while operating without proper state licensing, tax compliance, or mandated consumer safeguards. "These companies are running sportsbooks without licenses and betting that a new label will put them above the law," Mayor Scott said. "It won't." The legal action against Kalshi extends beyond the Polymarket complaint in scope. Baltimore has identified Robinhood, Webull, and Coinbase as additional defendants, asserting these trading platforms enable their users to access and trade Kalshi sports-related contracts through integrated functionality within their applications. The filing presents eight separate allegations of deceptive and unfair business practices. Baltimore's complaint further contends that combination wagering options available through Kalshi and Robinhood mirror the parlay betting structures found on conventional sports gambling platforms. Kalshi pushed back, defending its federal regulatory standing. "Kalshi spent years getting regulated by the federal government and abides by all applicable regulations," a company spokesperson said. Polymarket accused of trading against its own users. The complaint filed against Polymarket introduces an additional allegation. Baltimore contends the platform established an in-house market-making operation capable of taking trading positions opposite to its user base, suggesting participants may unknowingly trade against the platform itself rather than exclusively with other users. The municipality further asserts that Polymarket's promotional materials created a false impression among users that its offerings operate within legal boundaries and meet regulatory standards. "Kalshi and Polymarket cannot circumvent Baltimore's consumer protections by repackaging gambling as something else," City Solicitor Ebony Thompson said. Polymarket responded by arguing the case should fall under federal, not local, law. "Prediction markets on CFTC-registered exchanges are governed by federal law, not a patchwork of state and local rules," a Polymarket spokesperson said. The US Commodity Futures Trading Commission maintains that event-based contracts offered on prediction market platforms qualify as "swaps" subject to federal regulatory jurisdiction. Baltimore's legal challenge directly contests this classification. Federal vs. Local authority. Legal analysts view this confrontation as one component of a broader jurisdictional battle between state-level and federal regulators concerning oversight of prediction market platforms. Industry observers widely anticipate this regulatory conflict will ultimately require Supreme Court intervention. Baltimore's legal demands include maximum statutory financial penalties, compensation for impacted users, and forfeiture of revenues the city characterizes as illegally obtained. Additionally, the municipality seeks judicial orders preventing these platforms from offering sports-related contracts to Baltimore residents. As of Thursday, neither lawsuit has received scheduled court hearing dates. Limited Time Offer Get 3 free stock ebooks. Discover top-performing stocks in AI, Crypto, and Technology with expert analysis. * Top 10 AI Stocks - Leading AI companies * Top 10 Crypto Stocks - Blockchain leaders * Top 10 Tech Stocks - Tech giants
Robinhood Markets plans to accelerate launches of publicly traded closed-end funds after debuting its first two offerings. The second fund, focusing on early-stage Y Combinator startups, begins trading Thursday, just six months after the first fund launched in March. "I actually think the pace can accelerate, and so we won't say any particular times, but we really feel we're just getting started," said CFO Shiv Verma. Robinhood has committed $20 million across 80 companies for the latest fund, backing firms with cheques of around $250,000 to $500,000. The first fund's shares have gained over 14% since debut. CEO Vlad Tenev aims to make Robinhood "the largest venture capital firm in the world," Verma said.