Exhibit 21.1
Subsidiaries of the Registrant*
As of December 31, 2025, the following entities are wholly owned direct or indirect subsidiaries of Robinhood Markets, Inc.
| Name of Subsidiary | State/Country of Organization | ||||||||||||||||
| Bitstamp USA, Inc. | Delaware | ||||||||||||||||
| RHX, LLC | Delaware | ||||||||||||||||
| Robinhood Asset Management, LLC | Delaware | ||||||||||||||||
| Robinhood Credit, Inc. | Delaware | ||||||||||||||||
| Robinhood Crypto, LLC | Delaware | ||||||||||||||||
| Robinhood Derivatives, LLC | Delaware | ||||||||||||||||
| Robinhood Financial LLC | Delaware | ||||||||||||||||
| Robinhood Gold, LLC | Delaware | ||||||||||||||||
| Robinhood Money, LLC | Delaware | ||||||||||||||||
| Robinhood Securities, LLC | Delaware | ||||||||||||||||
| Robinhood Ventures DE, LLC | Delaware | ||||||||||||||||
| Robinhood Ventures Fund I | Delaware | ||||||||||||||||
| Trade-PMR, Inc. | Florida | ||||||||||||||||
| TradePMR Insurance Agency, LLC | Florida | ||||||||||||||||
| Sherwood Reinsurance Company, Inc. | Hawaii | ||||||||||||||||
| SRC All Other Cell, LLC | Hawaii | ||||||||||||||||
| SRC D&O Cell, LLC | Hawaii | ||||||||||||||||
* In accordance with Item 601(b)(21)(ii) of Regulation S-K, the Company has omitted from this Exhibit the names of certain subsidiaries which, considered in the aggregate as a single subsidiary, would not constitute a “significant subsidiary” (as defined in Rule 1-02(w) of Regulation S-X) as of December 31, 2025.