Robinhood’s pivot from trading app to financial ecosystem

Robinhood’s expansion now encompasses a broad range of services, including banking, credit, retirement, and prediction markets. The platform’s growth is substantial, boasting 28.6 million funded customers and $384 billion in assets as of August 2026. Data from the second quarter highlights this diversification: Robinhood Banking has secured over $3 billion in deposits, while its credit card business reached $100 million in annualized revenue.

Beyond traditional banking, the firm is aggressively integrating artificial intelligence. Nearly 100,000 customers have engaged with its Agentic Trading accounts, which leverage AI to execute trades in equities, options, and crypto. Prediction markets have also surged, with 4.7 billion event contracts traded in August alone—a 15-fold increase year-over-year. Fatehpuria’s session at the Smart Money Stage will examine how the company manages this increasing complexity while maintaining the intuitive user experience that originally defined its market position.