Robinhood Markets
US-based financial services company
Follow Robinhood Markets on Notably News to receive short updates to your email — rarely!
| April 2025 | Began expanding presence in the European Union after receiving a brokerage license from the Bank of Lithuania. |
| March 2025 | Robinhood announced the launch of wealth management services. |
| March 2025 | Financial Industry Regulatory Authority imposed a $26 million penalty on Robinhood Financial and Robinhood Securities for violating FINRA rules, including failures in anti-money laundering programs. Robinhood Financial was also ordered to pay $3.75 million in customer restitution. |
| March 2025 | As of this month, Robinhood's average customer age is 35, highlighting its continued focus on attracting millennial investors. |
| 2024 | An appeals court affirmed the dismissal of the class-action lawsuit against Robinhood. |
| 2024 | Launched index options, futures, and a desktop app called Robinhood Legend. |
| October 2024 | Added access to forecast contracts for the 2024 U.S. presidential election through ForecastEx. |
| September 2024 | Paid $3.9 million to settle California state claims regarding cryptocurrency withdrawal issues from 2018 to 2022. |
| May 2024 | Received a Wells notice from the U.S. Securities and Exchange Commission alleging violations of securities laws over crypto tokens, which Robinhood disputed. |
| April 2024 | Robinhood launched its 'Sherwood News' website and rebranded its financial newsletter Snacks, aiming to develop it as a revenue-generating business. |
| March 2024 | Robinhood acquired Marex FCM, a US futures executing broker, with the aim of expanding into futures contract trading. |
| March 2024 | Robinhood launched its service in the United Kingdom, expanding its international market presence. |
| February 2024 | Robinhood paid $7.5 million and agreed to overhaul its digital engagement practices to settle the remaining claims from the Massachusetts securities complaint. |
| December 2023 | Expanded cryptocurrency trading to the European Union. |
| December 2023 | Robinhood acquired Chartr, a daily financial newsletter publisher. |
| June 2023 | Delisted Solana, Cardano, and Polygon after the U.S. Securities and Exchange Commission determined they are unregistered securities. |
| June 2023 | Robinhood announced another round of layoffs, reducing its staff by 150 employees, which represented approximately 7% of the company's total workforce. |
| June 2023 | Robinhood acquired X1, a credit card issuance startup offering a no-fee, income-based credit card with rewards, for $95 million and rebranded it as Robinhood Card. |
| April 2023 | Launched Robinhood Connect, allowing users to trade cryptocurrency using other cryptocurrency wallets. |
| March 2023 | Robinhood agreed to pay $10 million to settle class action lawsuits regarding trading losses due to the 2020 outages. |
| March 2023 | Conor Brian Fitzpatrick, owner of BreachForums and believed to be responsible for the 2021 Robinhood data breach, was arrested by the FBI. |
| January 2023 | Added individual retirement accounts to their service offerings. |
| 2022 | The average age of Robinhood's customer base was 32, highlighting its success in attracting younger investors to the financial markets. |
| December 2022 | Robinhood faced issues with cryptocurrency withdrawals in California from 2018 to 2022. |
| November 2022 | All 23 IPOs that Robinhood customers had access to had declined by over 10% since the IPO access program began. |
| November 2022 | U.S. government seized Alameda Research's 7.6% stake in Robinhood as part of the FTX bankruptcy. The shares were sold back to Robinhood for $605 million at $10.96 per share. |
| August 2022 | Robinhood's cryptocurrency division was fined $30 million by the New York State Department of Financial Services for alleged violations of anti-money-laundering and cybersecurity regulations, marking the department's first cryptocurrency-related enforcement action. |
| August 2022 | Robinhood announced a major second round of layoffs, reducing its workforce by 23%, with cuts primarily affecting operations, marketing, and program management departments. |
| May 2022 | Introduced securities lending. |
| April 2022 | Issued cryptocurrency wallets to over 2 million waitlisted customers and added trading for Shiba Inu, Solana, Compound, Chainlink, and Polygon. Also announced integration of bitcoin's Lightning Network for faster transactions. |
| April 2022 | Robinhood conducted its first significant workforce reduction, cutting 9% of its employees across the company. |
| March 2022 | The Suffolk County Superior Court declared the new fiduciary duty rule underlying parts of the Massachusetts complaint invalid, which was considered a win for Robinhood. |
| March 2022 | Launched the Robinhood Cash Card, a debit card enabling users to round up purchases and automatically invest the additional amount in stocks and cryptocurrency. |
| March 2022 | Launched extended-hours trading. |
| 2021 | Robinhood expanded cryptocurrency trading to all U.S. states except Hawaii and Nevada, and added trading for Bitcoin Cash, Dogecoin, Ethereum Classic, and Litecoin. |
| December 2021 | Robinhood acquired Cove Markets, a developer of cryptocurrency trading platforms. |
| November 2021 | The initial class-action lawsuit was dismissed by the Miami federal court, citing lack of direct evidence of antitrust conspiracy. |
| November 2021 | A voice phishing scheme targeting a Robinhood employee resulted in a major data breach: 5 million customers' email addresses were stolen, 2 million customers' full names were disclosed, and 300 customers' dates of birth were exposed. |
| September 2021 | Introduced automatic recurring investments in cryptocurrency. |
| August 2021 | Robinhood acquired Say Technologies, a shareholder voting and management Q&A platform, for $140 million. |
| July 29 2021 | Became a public company through an initial public offering on the Nasdaq. |
| June 2021 | FINRA fined Robinhood $57 million and ordered $13 million in restitution to clients affected by outages and misleading communications in March 2020, marking the largest penalty ever issued by the agency. |
| May 2021 | Provided access to initial public offering (IPO) shares. |
| February 18 2021 | Robinhood CEO Vladimir Tenev was questioned by the House Committee on Financial Services regarding the trading restrictions. |
| January 29 2021 | Robinhood resumed trading in the previously affected stocks after quickly raising funds to meet reduced collateral requirements. |
| January 28 2021 | A class-action lawsuit was filed against Robinhood in the Southern District of New York, alleging market manipulation and antitrust violations. |
| January 28 2021 | During the GameStop trading frenzy, Robinhood restricted trading of certain stocks like GameStop and AMC, which sparked widespread controversy and led to congressional hearings about the platform's trading practices. |
| 2020 | Following Kearns' suicide, Robinhood revamped its options trading platform by introducing additional guidance, new criteria, and educational requirements for customers seeking options trading authorization. |
| 2020 | Kearns' family filed a wrongful death lawsuit against Robinhood, which was later settled out of court. |
| 2020 | During the 2020 stock market crash, Robinhood experienced a 139% increase in trading volumes compared to the first quarter of 2020, outpacing other major brokerages. |
|
We are only showing the most recent entries for this topic. |
|
This contents of the box above is based on material from the Wikipedia article Robinhood Markets, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.