Robinhood has been operating since 2013. It was developed with the aim of democratizing investing, allowing everyone access to the financial markets and removing the exclusivity of investing being solely the domain of the wealthy.
Robinhood was the first firm to offer commission-free trading, and when the app was launched in 2015, there were over 800,000 people waitlisted.
Over the years, while many other brokerages have joined the zero-commission realm, Robinhood has maintained its appeal. It has an easy-to-use platform and has expanded its offerings to include crypto. As of 2021, Robinhood is now public, trading under the HOOD ticker.