The incredible personality regularly will in general change the entire world with only one best creation. We would even now be sitting with the light, making a letter to associate with a companion, rather than sitting before the PC and marking into Facebook to contact a companion notwithstanding explicit manifestations that were staggering to such a degree, that they had enough impact to change the whole world until the finish of time. One such innovation development is the Robinhood application, which means Robinhood is the new venture here. 

The founder of the Robinhood business faced much rejection from seventy-five venture capitalists before getting the fund. Robinhood is the financial startup founded by Vladimir Tenev and Baiju Bhatt who previously developed the trading financial platform in New York City.  Robinhood was finally developed in December 2013. In the starting phase, it was developed as the stealth mode. The company allows the individual to invest in the traded company in the U.S stock exchange with the free commission. Robinhood generates its revenue from interest earned by the customer's cash balance an by the selling order at a frequency. As per the news, the company raised $110 million in funding from DST Global. Around 3 million users were active on the Robinhood platform in 2018. Robinhood had raised a sum of $176 million in investment financing driving the organization valuation to $5.6 billion.

Robinhood is one of the examples for best financial tech in only a five-year-old company, be that as it may, the achievement it has accomplished is very unprecedented no doubt. Many people have still a question that how does Robinhood make many even after giving free services. 

The organization is well known for its stock trade-exchange, the e-trade chuck Schwab model of charging nine bucks a trade. Robinhood offers you one of the best designed mobile applications that enables you to trade stock you need or choice you need for free even for currency, for example, bitcoin and cryptocurrency. You can trade cryptocurrency for free on Robinhood. They don't charge you extra bucks for the trading of coins. 

Robinhood procures cash by steering As of their 4Q16 report, they give generally 30% of their all-out non-guided requests to KCG, 29% to Citadel, 25% to Two Sigma and 16% to Apex. These organizations likewise have high-recurrence exchanging arms the market. This is how Robinhood makes money.

Robinhood is very rich in terms of the Robinhood revenue model. It uses brilliant revenue ideas, the two main components of the revenue for the Robinhood are trading fees and the interest payments on assets. The trading fees component is the most significant, where interest is straightforward. Robinhood stated that it is making due on the gold membership, which is charging around $6 per month for access after-hours trading. This clearly answers to our question about How Robinhood make money. Let's understand this with an explanation.

For example, if you have $200 in your account and interest rate is 2%. This would set the $4 in your account every year. This number might not sound much, but if we multiply it with a 4 million account, the number will be very big. If the number made your eyes rolled you can imagine the actual profit.

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