Brokerage access
01
Robinhood removed the commission from each trade and put the brokerage account on a phone. That changed what retail customers expected.
- No trading commission
- No account minimum
- Mobile brokerage
- Market orders
- Customer accounts
- Regulatory supervision
Clearing pressure
02
When GameStop trading surged in January 2021, clearinghouse deposit requirements rose sharply. Robinhood said the restriction followed those collateral demands.
- Clearing pressure
- Clearinghouse deposits
- Collateral demands
- Order routing
- Market makers
- Customer restrictions
Blockchain rails
03
Robinhood later described a permissionless Ethereum-compatible Layer 2 for tokenized assets, onchain trading, self-custody, and open applications.
- Tokenized assets
- Ethereum Layer 2
- Self-custody
- Onchain trading
- Open applications
- ETH transaction fees
