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        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001871212</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
    </headerData>
    <formData>
        <issuerInfo>
            <issuerCik>0001783879</issuerCik>
            <issuerName>ROBINHOOD MARKETS, INC.</issuerName>
            <secFileNumber>001-40691</secFileNumber>
            <issuerAddress>
                <ns2:street1>85 Willow Road</ns2:street1>
                <ns2:city>Menlo Park</ns2:city>
                <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                <ns2:zipCode>94025</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>844-428-5411</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>JASON WARNICK</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>Class A Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>8th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>50000</noOfUnitsSold>
            <aggregateMarketValue>3098780.00</aggregateMarketValue>
            <noOfUnitsOutstanding>767047021</noOfUnitsOutstanding>
            <approxSaleDate>05/14/2025</approxSaleDate>
            <securitiesExchangeName>NASDAQ</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Class A Common</securitiesClassTitle>
            <acquiredDate>03/01/2025</acquiredDate>
            <natureOfAcquisitionTransaction>Compensation for Past Services</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>50000</amountOfSecuritiesAcquired>
            <paymentDate>03/01/2025</paymentDate>
            <natureOfPayment>Compensation</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>JASON WARNICK</name>
                <address>
                    <ns2:street1>85 Willow Road</ns2:street1>
                    <ns2:city>Menlo Park</ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>94025</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Class A Common</securitiesClassTitle>
            <saleDate>02/25/2025</saleDate>
            <amountOfSecuritiesSold>25000</amountOfSecuritiesSold>
            <grossProceeds>1146967.09</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>05/14/2025</noticeDate>
            <planAdoptionDates/>
            <signature>/s/ Jason Warnick</signature>
        </noticeSignature>
    </formData>
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144
0001871212
XXXXXXXX
LIVE
0001783879
ROBINHOOD MARKETS, INC.
001-40691
85 Willow Road
Menlo Park
CA
94025
844-428-5411
JASON WARNICK
Officer
Class A Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
8th Floor
New York
NY
10004
50000
3098780.00
767047021
05/14/2025
NASDAQ
Class A Common
03/01/2025
Compensation for Past Services
Issuer
N
50000
03/01/2025
Compensation
N
JASON WARNICK
85 Willow Road
Menlo Park
CA
94025
Class A Common
02/25/2025
25000
1146967.09
05/14/2025
/s/ Jason Warnick