Robinhood

What is Robinhood?

Robinhood is an investment and trading platform that aims to democratize finance for all. The user-friendly Robinhood app is one of the lowest cost platforms for trading cryptocurrencies.

In the U.S., Robinhood Crypto was established in February 2018, initially allowing Robinhood customers to trade Bitcoin and Ether. The list of tradable cryptocurrencies has since expanded to include more than 20 assets. Today, Robinhood Crypto is available in all 50 states, and territories including Puerto Rico and the U.S. Virgin Islands.

In Europe, Robinhood Crypto launched in December 2023. Today, the platform allows customers to buy and sell 40+ cryptocurrencies, including Bitcoin, Ether, Solana, USDC, and many others. Robinhood offers one of the lowest costs to trade crypto on average in the region.

Staking is also supported on Robinhood Crypto in Europe, where users can earn rewards by staking their crypto. The process varies slightly depending on the network and crypto you choose, each having its own requirements and bonding periods. Robinhood Crypto supports ETH and SOL staking.

Crypto transfers are available for users in the U.S. and Europe, allowing them to send crypto to Robinhood or transfer it from their Robinhood account to other wallets. The process is secure, easy to use, and users are not charged deposit or withdrawal fees (network fees still apply).

Robinhood Wallet is a self-custody web3 wallet where users can manage thousands of crypto assets, perform multi-chain swaps, store and display NFTs, and protect assets with encryption and biometric authentication. It also features a browser where users can connect to dapps (decentralized apps) that span DeFi (decentralized finance), social, and more. The wallet supports assets on a variety of networks, including Bitcoin, Ethereum, Dogecoin, Arbitrum, and Optimism. Robinhood Wallet users can also swap crypto without paying network fees (also known as ‘gasless swaps’) and cross-chain swaps with no platform fees (though other fees may apply).

Who Are the Robinhood Founders?

Robinhood was co-founded by Vlad Tenev and Baiju Bhatt in 2013.

Vlad Tenev has served as Chief Executive Officer and President of Robinhood since November 2020. He is also Chair of the board of directors. From 2013 to November 2020, Tenev served alongside Bhatt as co-CEO and co-President. Tenev holds a B.S. in Mathematics from Stanford University and an M.S. in Mathematics from UCLA. Before Robinhood, Tenev started two finance companies in New York City.

Baiju Bhatt holds a B.S. in Physics and an M.S. in Mathematics from Stanford University. From 2021 to March 2024, Bhatt served as Chief Creative Officer of Robinhood Markets, Inc. He remains a member of the board of directors.

When Did Robinhood Launch?

Robinhood Markets, Inc. was established in April 2013 in Menlo Park, California. The Robinhood app was officially launched in March 2015.

Robinhood launched crypto trading in the U.S. in 2018, and its self-custody wallet, Robinhood Wallet, in 2023. In December 2023, Robinhood Crypto launched in Europe.

Where is Robinhood Available?

Robinhood Crypto is available to eligible customers in the U.S. and Europe on iOS and Android. Robinhood Wallet is available in 140+ countries.

What Coins Are Supported On Robinhood?

In the U.S., Robinhood Crypto supports popular cryptocurrencies including BTC, ETH, and more. Here is the full list. The app also supports real-time market data for over 60 cryptocurrencies.

In Europe, Robinhood Crypto users can buy and sell 40+ cryptocurrencies. Here is the full list.

Not all coins are available in every region and may be subject to regulatory approval in certain areas.

Robinhood Wallet supports assets on a variety of networks, including Bitcoin, Ethereum, Dogecoin, Arbitrum, and Optimism.

How Much Are Robinhood Fees?

Robinhood Crypto is one of the lowest cost crypto trading platforms. Learn more about trading fees in Robinhood Crypto US and Robinhood Crypto Europe.

The platform does not charge fees for transfers, but every crypto transfer does require a network fee. Network fees, or gas fees, are paid to miners/validators who process blockchain transactions. Fees vary based on network activity. Robinhood doesn't receive or collect any part of the network fee. Fees and rebates may vary based on network activity and current offers.

Is It Possible To Use Leverage or Margin Trading on Robinhood Crypto?

Robinhood Crypto does not support leverage or margin trading.