On December 16, 2024, the board of directors of Robinhood Markets, Inc. appointed Christopher Payne to the Board, effective immediately. The Board also appointed him to serve on the Safety, Risk and Regulatory Committee, commencing concurrently with his Board service. Mr. Payne is an independent director, with an initial term expiring at Robinhood?s 2025 annual meeting of stockholders.
In connection with Mr. Payne?s appointment, the Board increased the number of directors on the Board from eight to nine. With more than three decades of experience, Christopher brings a deep understanding of digital platforms. Having previously served as the President and Chief Operating Officer of DoorDash and Chief Executive Officer of Tinder, Christopher has a wide-breadth of experience building intuitive, scalable and innovative consumer products. He has also served as Senior Vice President at eBay, leading the North American business, and held leadership positions at both Microsoft and Amazon.
While at Amazon, Christopher led the company's expansion beyond selling books and into consumer electronics. In addition to Robinhood, he currently serves on the Board of Directors at Gogo Inc., an in-flight internet service provider, and Hims & Hers Health, Inc. Other members of Robinhood Markets' Board of Directors include Vlad Tenev, Chairman and Chief Executive Officer; Baiju Bhatt, Co-Founder, and currently Founder and Chief Executive Officer of Aetherflux; Jon Rubinstein, Lead Independent Director and Senior Advisor at PDT Partners; Paula Loop, retired Partner at PwC; Robert Zoellick, Chairman, Americas, Temasek Holdings (Private)Limited; Meyer Malka, Founder and Managing Partner of Ribbit Capital; Dara Treseder, Chief Marketing Officer at Autodesk; and Susan Segal, President and CEO of Americas Society and Council of the Americas.
Robinhood Markets, Inc. specializes in the operation of mobile investment and financial services platforms for institutional investors and individuals. The group operates an online investment platform that allows clients to invest commission-free in stocks, Exchange Traded Funds (ETF), underlying assets, American Depository Receipts (ADRs), and to purchase shares in an initial public offering (IPO). At the same time, through its platform, the group offers automated transfer services of financial securities from a third-party trading account to the Robinhood trading venue. In addition, Robinhood Markets, Inc. operates a cryptocurrency trading platform (Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic and Litecoin) taking charge of real-time market data for 8 crypto-currencies. In addition, the group has a premium subscription platform allowing subscribers to access additional features (instant access to deposits, in-depth research reports on approximately 1,000 stocks via Morningstar, Nasdaq stock data, margin investing, securities lending, etc.), and a cash management platform. Net sales break down by type of income as follows:
- revenue from transactions (58.8%): primarily transactions in trading stock options (42.7% of revenues), cryptocurrencies (34.3%) and equities (11.5%);
- net interest income (37.6%): including interest income on securities lending operations, margin lending, margin loans, and cash and securities under separate management;
- other (7.4%).
At the end of 2025, Robinhood Markets, Inc. had USD 322.1 billion of assets under custody on behalf of 27 million monthly active users.
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