According to CoinMeta, as reported by A early in 2021, Vlad Tenev, the CEO of Robinhood, stated that the asset scale of Robinhood Banking has exceeded $4 billion. This banking service is provided by Coastal Community Bank and the company is a member of the Federal Deposit Insurance Corporation (FDIC) of the United States. Additionally, Vlad Tenev announced that Robinhood will launch a Trump account (Trump Accounts), which serves as a charitable donation tool in the United States. It allows donors to directly fund investment accounts held by American children, eliminating intermediate steps without any fees charged.