Robinhood democratized trading at a $20 billion market cap, forcing every major US broker to eliminate commissions with its 23 million funded accounts and $1.8 billion revenue in 2025. Founded in 2013 by Vlad Tenev and Baiju Bhatt, its zero-fee model processes 10 million daily trades, a 50% higher volume than #4 Chime’s transaction count. The GameStop controversy in 2021 triggered Congressional hearings but also cemented retail trading’s mainstream shift—now 30% of US adults equities trade, up from 15% pre-Robinhood. With consistent profitability since 2024, it offers crypto trading and cash management, serving as a one-stop financial superapp.

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