trueNAICSRobinhood NAICS Code
At Robinhood, we believe that our financial markets should be accessible to everyone. We’re leveling the playing field by making trading more intuitive, more affordable, and more inclusive-all to fulfill our mission of democratizing finance for all. Are you ready to be a part of it ?
About Robinhood
Robinhood Markets, Inc. is an American financial services company based in Menlo Park, California. It operates as a FINRA-regulated broker-dealer and is registered with the U.S. Securities and Exchange Commission. Robinhood facilitates commission-free trades of stocks, exchange-traded funds, cryptocurrencies, and individual retirement accounts through a mobile app. The company generates revenue through interest earned on customers' cash balances, selling order information to high-frequency traders, and margin lending. As of September 2020, Robinhood had 22.8 million funded accounts and 15.9 million monthly active users. In April 2022, the company introduced a cryptocurrency wallet to over 2 million users.
Primary NAICS Classification
523150Investment Banking and Securities IntermediationAlso Classified Under
Revenue Breakdown by NAICS
Estimated revenue distribution across industry classifications:
Core Offerings
- •Electronic Trading Platform Operation
- •Investment Product Distribution
- •Financial Education Content Services
- •Advertising Services
- •Interest and Cash Balance Management
- •Stock and ETF Trading Execution
- •Tokenized Asset Trading Execution
- •Cryptocurrency Trading Execution
- •Wealth Management Services
- •Margin Lending Services
- •Options and Futures Trading Execution
- •Prediction Market Trading Execution
- •Cryptocurrency Wallet Services
Industry Classification
Technologies
Code Crosswalks
| System | Code | Title |
|---|---|---|
| SIC | 6211 | Security Brokers, Dealers, and Flotation Companies (security dealers and underwriters) |
| SIC | 6211 | Security Brokers, Dealers, and Flotation Companies (security brokers, note brokers) |
| NACE | 64.99 | Other financial service activities, except insurance and pension funding n.e.c. |
| NACE | 66.12 | Security and commodity contracts brokerage |
| ISIC | 6612 | Security and commodity contracts brokerage |
| ISIC | 6499 | Other financial service activities, except insurance and pension funding activities, n.e.c. |
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