New Delhi, Nov. 11 -- Zerodha co-founder Nithin Kamath on Tuesday weighed in on how brokerage companies in the United States charges customers for processing instant client withdrawals, and how they are different from India.

In a post on X, Kamath said that US-based Robinhood Markets Inc. will generate approximately $150 million revenue from these charges, which may translate to a $100 million profit.

"I just discovered that Robinhood will generate approximately $150 million (~ Rs.1,300 crores) in revenue from the fees it charges for processing instant client withdrawals. Their cost to process these is around $35-40 million, which means a clean $100 million to the bottom line, and that's just from instant withdrawals," Nithin Kamath sai...