Full-Time
Confirmed live in the last 24 hours
Commission-free trading platform for investments
$129k - $195kAnnually
Senior
Company Historically Provides H1B Sponsorship
Washington, DC, USA + 4 more
More locations: Westlake, TX, USA | Remote in USA | Chicago, IL, USA | Denver, CO, USA
This position is only eligible for remote work in limited geographies within the US where we do not have physical office locations.
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Robinhood provides a platform for trading various financial instruments, including stocks, options, ETFs, and cryptocurrencies, with the goal of making investing accessible and affordable for everyone. Users can trade without paying traditional brokerage fees, which is a key feature that sets Robinhood apart from its competitors. The platform allows for fractional share trading, enabling users to invest in high-priced stocks with as little as $1, thus promoting portfolio diversification. Robinhood generates revenue through a premium subscription service called Robinhood Gold, which offers advanced trading features, as well as from interest on uninvested cash and rebates from trading venues. Additionally, Robinhood offers users access to IPOs, a service typically available only to institutional investors. The company's goal is to democratize investing and empower a diverse range of clients, from beginners to experienced traders.
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
$5.4B
Headquarters
Menlo Park, California
Founded
2013
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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
According to the official announcement, Robinhood launched Solana-based PYTH tokens.
The crypto and stock market surges leading into the presidential election and beyond helped buoy Robinhood’s fortunes in the fourth quarter.Results released after the markets closed on Wednesday (Feb. 12) noted that accounts were up 10% to 26.2 million.And transaction based top lines were $672 million in the period, surging 236% from the same period in 2023, and a 111% jump from the third quarter.Within that revenue line item, $358 million was tied to crypto-based revenues, which was 700% higher than the fourth quarter last year.During remarks on the company’s video earnings call, CEO Vlad Tenev said the company passed the $1 billion revenue mark for the first time, and said during the presentation that Gold subscribers were 2.6 million, which was up 1.2 million year over year. Net deposits of about $50.5 billion were up 49% on a trailing 12-month basis.“Perhaps the thing that I’m most excited by is,” the CEO said, “if you look at the net new customer-funded accounts in Q4, of those new customers that joined … over 30% have adopted Gold.”CFO Jason Warnick said that the more-than-doubling of revenues year over year helped drive profitability; the company’s net income per share of $0.17 surged above $0.03 in the fourth quarter of last year.The stock soared 12% in after-hours trading.Forward ThinkingLater in the presentation, Tenev said “On the share-of-wallet front, we’re going to grow the Robinhood Gold Card from about a 100,000 holders today two multiples of that size. … We’re also investing in the Robinhood wallet, which is a separate app, and it’s our non-custodial crypto wallet. And that’s the gateway to thousands of additional coins for our customers,” he said.Later during the call he noted that, in reference to tokenization, the firm is “uniquely positioned at the intersection of traditional finance and DeFi — we’re one of the few players that has scale both in traditional financial assets and cryptocurrencies. And what that means for us is bringing real assets onto crypto technology, and giving people access to real-world productive assets using crypto rails.” Those assets would include equities and private investments, he said.During the question-and-answer session, Tenev stated that the demand for the Gold Card has come in the midst of 3% cash back, and the digital features inherent in the virtual card itself.The company is also examining offering a broader range of lending products, Tenev said, which would “cover the wide range of customer borrowing needs.” As Tenev told analysts, “You should see us accelerate more products, more features, to further wallet share and put us in a position where I think relatively few companies are … to capture the $84+ trillion in assets that are going to be flowing down to younger generations in the next few decades.”Asked later in the call about the general crypto environment, Tenev contended that “more regulatory clarity is needed — and across multiple domains
Amid its crypto expansion plans, Robinhood has most recently launched its services in Spain, aligning with the EU's MiCA regulations.
Robinhood have announced the launch of options trading for UK customers. This is yet another step forward in their journey to expand access and empower investors across the UK.Options are contracts between buyers and sellers whose value is derived from an underlying asset, such as a stock or an index. These contracts fall under the category of financial instruments known as derivatives. With Robinhood, customers in the UK can now trade options on stocks and indices. Index options, in particular, allow you to trade on broad market indices, offering more diversification and flexibility.“Options trading has historically been difficult for UK investors to access due to high fees, complicated platforms, and limited educational resources,” said Jordan Sinclair, President of Robinhood UK. “Today, we’re excited to roll out a US options trading experience that is both affordable and accessible, and leverages Robinhood’s powerful suite of tools to help UK investors take control of their financial future.”This is the next big evolution for Robinhood in the UK
Robinhood has ramped up its UK investment offering with the launch of an investment product which allows investors to profit from the rise and fall of share prices. The US fintech, which disrupted the US investing market with commission-free trading, is also set to bring its US desktop platform geared towards investors to the UK market.An alternative to stock trading, options trading is the buying and selling of financial contracts that give the buyer the right to buy or sell an underlying asset, such as stocks or ETFs, at a specific price within a set time.Investors might trade options to hedge against a drop in stock price or to speculate on the future price of an investment.According to Jordan Sinclair, Robinhood, UK president, options trading is a ”bit more accessible” in the US, compared to the UK, and said that its UK customers have been “asking us for the product since day one”. The news was first reported by Yahoo Finance.He added:"Access to options trading has historically been hindered for many UK investors due to high fees, complicated platforms, and limited educational resources. Our goal is to make options trading in the UK accessible, straightforward, and affordable for all."Robinhood launched in the UK in March last year, pledging no commission fees and no foreign exchange fees on trades of over 6,000 US stocks, while providing five per cent interest on uninvested cash. It has since launched several other investment products including share lending and margin trading.Sinclair said: "And that is a great base for an investment product. We are going to keep adding to that." The likes of share lending, margin trading and options trading can be deemed as riskier investment products, but Sinclair said Robinhood had all the right controls in place so that only eligible investors could use the products.Sinclair said Robinhood would continue to bring existing US products and bespoke UK products to its app, pointing to the example of stock and share ISAs