The microinvestor-focused app Robinhood took the brokerage world by storm after launching to offer commission free trades late last year.
Eight months later, the start-up now boasts hundreds of thousands of customers and over $1 billion worth of trades transacted through its platform. But with no revenue stream coming from commissions or fees, some have wondered if Robinhood might potentially introduce fees later.
"That's not the plan. You've got to look at how Robinhood has been doing since launching to the public," co-founder Vladimir Tenev told CNBC's "Closing Bell" in an interview. "We're growing extremely quickly, and the one thing that a lot of people don't realize is all that growth has been on one platform."