Robinhood Raises $363 Million to Expand Product Lineup

The Series D Funding Was Led by DST Global

At Robinhood, we’re guided by the belief that America’s financial system should work for everyone – not only the wealthy. In the past few months, we launched more products to further our mission of democratizing financial services, and brought your investments together on one platform. We released a web platform with research and discovery tools, introduced commission-free options trading, and launched Robinhood Crypto, with commission-free cryptocurrency trading, now available in 10 states (CA, MA, MO, MT, CO, MS, WI, NM, FL, and MI).

Our platform has also grown significantly, reaching over four million users, cementing Robinhood Financial as the fastest-growing brokerage ever.

On the heels of this growth, we recently raised $363 million in capital, valuing Robinhood at $5.6 billion. The Series D round of funding was led by DST Global, with participation from new investors Iconiq, Capital G, Sequoia Capital, and Kleiner Perkins. Existing investors included NEA and Thrive Capital.

We’ll deploy the capital by accelerating our product expansion even more, investing in our infrastructure and operations, and hiring more world-class talent to join us along the way.

Stay tuned for updates on new products and features, as well as trading availability for Robinhood Crypto.

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Robinhood Crypto Trading Is Here

Invitations to trade cryptocurrencies are rolling out now

Check your inbox, because the first set of Robinhood customers can buy and sell Bitcoin and Ethereum with Robinhood Crypto, starting today. All your investments, commission-free, on one platform.

We are gradually rolling out access to Robinhood customers residing in California, Massachusetts, Missouri, Montana, and New Hampshire, and look forward to releasing crypto trading functionality in many more states later. In the meantime, all investors on Robinhood can monitor and track market data for 16 cryptocurrencies.

With today’s trading launch, we’re also announcing Robinhood Feed – a brand new way to discuss cryptocurrencies, news, and market swings, in real-time with other investors on Robinhood. Feed is available to a limited number of people on the platform and will evolve based on your, well, feedback.

Over the past few weeks, we’ve been overwhelmed by the enthusiasm towards Robinhood Crypto and are excited to contribute to the cryptocurrency community in a meaningful way. Together, we reached four million users and well over $100 billion in transaction volume on our brokerage platform, leading to over $1 billion in commissions saved in equity trades. With the release of Robinhood Crypto, we’re continuing our mission of making the financial system work for everyone, not just the wealthy.

Look out for rollout and other updates on here and on our Twitter @RobinhoodApp.

Don’t Sleep. Get Early Access

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Don’t Sleep

Introducing Bitcoin & other cryptocurrencies on Robinhood Crypto

Today, cryptocurrencies are coming to the Robinhood platform. We believe that cryptocurrencies have the potential to fundamentally reorganize the way money works from the ground up, putting power previously held by financial institutions directly in the hands of the people.

We saw an opportunity to build a better experience to trade cryptocurrencies, one where you can invest commission-free in cryptocurrencies alongside stocks, ETFs, and options, track different coins, and read market news. Meet Robinhood Crypto and get early access here.

Better Together

  • You can now monitor and invest in cryptocurrencies, options, stocks, and ETFs, all on the same platform.

Instant Deposits

  • Bank transfers up to $1,000 will be instantly available in your account to trade cryptocurrencies. Any additional funds transferred will land in your account via the normal ACH transfer system.


  • We strive to offer all our services at the lowest price possible. Robinhood Crypto is no different. Stop paying exorbitant fees when you invest in cryptocurrencies.

Secure & Established Platform

  • Robinhood is a secure platform trusted by millions of Americans.

Here’s what to expect today and next month


Starting today, you can add the 16 cryptocurrencies below to your watchlist, monitor market data, read cryptocurrencies news, and create custom price alerts.

  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • Litecoin
  • Ripple
  • Ethereum Classic
  • Zcash
  • Monero
  • Dash
  • Stellar
  • Qtum
  • Bitcoin Gold
  • OmiseGo
  • NEO
  • Lisk
  • Dogecoin


Next month, round-the-clock, commission-free cryptocurrency trading comes to the Robinhood platform. Trading will be limited to Bitcoin (BTC) and Ethereum (ETH), with more coins tradeable later. Trading functionality for BTC and ETH will be released gradually in waves to Robinhood residents in California, Massachusetts, Missouri, Montana, and New Hampshire. Robinhood Crypto will be available in more states soon.

Don’t Sleep. Get Early Access

We’ll have more updates in February. In the meantime, we can’t wait to hear your feedback on what you like, what you want more of, and what we can do differently.

The Robinhood Team

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#RobinhoodRewind 2017

Recapping this year’s most exciting trends and milestones on Robinhood


2018 is around the corner so we wanted to celebrate our year together by looking back at the most memorable milestones and trends we saw on Robinhood in 2017. Here are the highlights:

Trends on Robinhood

  • Top 5 most traded stocks:
    • Advanced Micro Devices, Fitbit, Snap, GoPro, Ford
  • Top 5 stocks resulting in the biggest gains:
    • Amazon, Apple, Facebook, Nvidia, Tesla
  • Top 5 stocks resulting in the biggest losses:
    • Advanced Micro Devices, General Electric, Snap, Momo, Rite Aid
  • Day with the highest trading volume on Robinhood:
    • November 29, likely due to market volatility related to the Republican Tax Bill
  • Most searched private companies:
    • Uber, Spotify, Airbnb, Dropbox, Palantir

Three Million Users: Thanks to your continued support, we now have over three million users on Robinhood, who have transacted over $100 billion in trading volume to date.

Savings on Robinhood: By not taxing you with commission fees, together, we saved over $1 billion since we launched in 2015.  

Options Trading: A few weeks ago, we released commission-free Options Trading on Robinhood. This new, cost-effective investment tool is built for all investors - not just the wealthy.

Robinhood for Web: In November, we launched Robinhood for Web, a brand-new web platform with interactive research and discovery tools, so you can make better-informed investment decisions. We also introduced Automated Customer Account Transfer Service (ACATS), a portfolio transfer service so you can move outside portfolios to Robinhood.

Earnings on Robinhood: In January, we added a new earnings experience, keeping you up to date on earnings reports and letting you listen live to earnings calls.

We’re excited for 2018 – stay tuned to see what’s coming next.

Happy New Year!

The Robinhood Team

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Introducing Options Trading

Robinhood offers a commission-free and intuitive options trading experience to all investors - not just the wealthy

Three years ago, we launched commission-free equity trading, paving the way for millions of Americans to participate in the financial system. Since then, we’ve committed ourselves to expanding our platform, and making more financial services available to everyone by driving down costs. Today, we are excited to announce the launch of commission-free options trading, a tool many of you have requested on Robinhood. 

Options trading on Robinhood is designed to be a cost-effective and seamless experience, and is available starting today with a full release expected in 2018. Get early access here

Highlights include:

  • No Commission Fees

    • No commission and no per contract fee upon buying or selling options, as well as no exercise or assignment fees. Currently, options traders pay up to $6.95 + $0.75/contract and up to $19.99 upon exercising and assignment. As with equities, the execution of options is purely electronic, making commission fees a thing of the past. 

  • Advanced Options Strategies

    • Level 2 self-directed options strategies (buying calls and puts, selling covered calls and puts) as well as Level 3 self-directed options strategies such as fixed-risk spreads (credit spreads, iron condors), and other advanced trading strategies are available.

  • Pricing Filter

    • Robinhood’s proprietary Pricing Filter streamlines the options tables, removing potentially misleading or superfluous information and hides options with little volume or liquidity where you may receive an unfair fill.

  • Redesigned Experience

    • We redesigned the options trading experience by replacing traditional, complicated options tables with a more intuitive design, highlighting the most important information.

  • Free, Real-Time Market Data

    • As for Robinhood equity investors, market data for options investors streams in real-time and is free of charge. 


Get Early Access

More information about options trading can be found at the Help Center and in the options risk disclosure document.

Last month, we released Robinhood for Web, complete with powerful research and discovery tools to help you make better-informed decisions, as well as a portfolio transfer service so you can move your outside portfolios to Robinhood. 

Stay tuned for more updates!

The Robinhood Team

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Robinhood Named a 'Best Place to Work'

Robinhood is recognized on Glassdoor's list of Best Places to Work in 2018

At Robinhood, we’re on a mission to democratize America’s financial system for everyone - not just the wealthy. One way we accomplish this goal is by creating an environment where Robinhoodies are encouraged to come to work as they are and grow in their careers. That’s why we’re honored to be among the winners of the annual Glassdoor Employees’ Choice Awards, a list of the Best Places to Work in 2018.

To determine the winners of the awards, Glassdoor evaluates company reviews shared exclusively and anonymously by employees over the past year. Thanks to our employees, we have achieved an overall company rating of 4.8 out of 5 and ranked #26 on this year’s list.

As we are growing quickly but thoughtfully, we remain focused on our employees and this award is a humbling recognition of our efforts.

If you’re interested in joining Robinhood, check out our open positions – we’d love to hear from you!

The Robinhood Team

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