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Key Facts About Robinhood Markets
Robinhood Markets (NASDAQ: HOOD), a fintech company, currently has a market cap of $112 billion. To reach a trillion-dollar market cap within the next 20 years, it must achieve a compound annual growth rate (CAGR) of at least 11.6%. As of Q2, 2023, the company reported $279 billion in total platform assets and had 26.5 million funded customers, a 10% year-over-year increase.
In terms of premium services, the number of subscribers for Robinhood’s Gold service rose to 3.5 million, marking a 76% increase from the previous year. As the company continues to capitalize on the commission-free trading model, it aims to provide a user-friendly platform that appeals especially to younger investors.
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