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About Robinhood
HOOD tracks the value of 1 share of common stock in Robinhood Markets, Inc. Robinhood operates a retail brokerage platform offering commission-free trading in equities, options, and cryptocurrencies to individual investors.
On Lighter, HOOD is a synthetic perpetual market with its own order book, so its mark price, funding rate and open interest can differ from the same instrument on another venue.
HOOD is listed as a Lighter synthetic perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: Consumer Tech.
Frequently Asked Questions
- Does trading HOOD give me any of the rights of owning Robinhood stock?
- No. HOOD is a synthetic perpetual with no delivery mechanism or arbitrage bridge to Robinhood's actual shares. It gives price exposure only — there are no shareholder rights, no dividends, no voting rights, and no claim on the underlying stock.
- Where is Robinhood listed, and in what currency does HOOD trade?
- Robinhood is a U.S. company listed on the Nasdaq stock exchange, and its common stock trades in U.S. dollars. HOOD's price already reflects that USD-denominated stock, with no currency conversion involved.
- How is HOOD different from other names, like DKNG?
- HOOD is a securities and crypto brokerage regulated as a financial firm. DKNG, by contrast, operates regulated sports betting and daily-fantasy-sports products — a different regulatory category (financial brokerage vs. gaming), even though both let users take positions on outcomes.
- HOOD on Lighter is a synthetic perpetual market that tracks price exposure linked to 1 share of Robinhood Markets, Inc. It trades on Lighter, so you can go long or short without holding any shares.
- HOOD on Lighter is a synthetic perpetual market that tracks price exposure linked to 1 share of Robinhood Markets, Inc. It trades on Lighter, so you can go long or short without holding any shares.
- Can HOOD's price on Lighter differ from the price on other venues?
- Yes. Lighter's HOOD market runs its own order book, so its mark price, funding rate, and open interest can differ from the same instrument on another venue.
- What does it mean that Lighter runs its own order book?
- An order book is the live list of buy and sell orders in a market. Because HOOD on Lighter has its own book, prices are set by the orders on Lighter itself rather than imported from any other market.
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