No-commission stock trading app Robinhood will let you buy and sell Bitcoin and Ethereum without any added transaction fees starting in February, compared to Coinbase’s 1.5 to 4 percent fees in the US. And as of today Robinhood will let all users track the price, news, and set up alerts on those and 14 other top crypto coins, including Litecoin and Ripple.
“We’re planning to operate this business on a break-even basis and we don’t plan to profit from it for the foreseeable future” says Robinhood co-founder Vlad Tenev. “The value of Robinhood Crypto is in growing our customer base and better serving our existing customers.”
By essentially using crypto trading as a loss leader instead of its primary business like Coinbase and other apps, Robinhood could substantially expand beyond the 3 million users it already has. Simplifying trading and tracking could bolster Bitcoin and Ethereum. And by combining it with traditional stock, ETF, and option trading in a single app, Robinhood could further legitimize the cryptocurrency craze. The two trading worlds could cross-pollinate, dragging even more people into the crypto scene.
I think this is huge because it will add a new wave of money into the crypto scene! Well this is my 2 cents on crypto for the day!
As always much LOVE and RESPECT!
#BlessUp and HODL
DDJJ KKHALEDD
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Nice, everyone is talking about this today, hopefully it works out and can be the coinbase killer that people are saying!
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It would be perfect to be able to make transactions without fees, I think this would be solved using cold wallets.
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@djkhaled I just heard of this today on youtube its brilliant news, I never even knew they had it for normal trading, I always assumed that that type of trading was only for the big wigs the 1%ers! so companies like this are a godsend! Cant wait to try them out as next month these coinbase fees are killing me!
Great post thanks for the info keep up the good work! Upvoted resteemed and followed! :-)
Peace and Love my friend!
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You got a 7.47% upvote from @postpromoter courtesy of @djkhaled! Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
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lets hope all these new day traders learn before spending and not get rekt.
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You forgot! "Did I tell you I been in the studioooooo!!!!!!!" lmaoooo
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This should drive fees down on the other exchanges.
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when volume equals the other big players then its a game changer.
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://techcrunch.com/2018/01/25/free-cryptocurrency-trading-app/
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Robinhood Crypto Exchange is coming!
No fees, finally!
http://bit.ly/2GkdBMS
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This is going to be game changer if it really gives users a seamless way to move between crypto and traditional stocks. The no or low fee model will also help new investors who may not have a lot of money to start out with. -@bozz
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YES IOT WILL BE GREAT
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Looks like a competition to Binance and other exchanges as well.
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https://steemit.com/bitcoin/@andrea97/how-to-earn-quickly-and-safely-bitcoin-btc-bitcoin-cash-bch-litcoin-ltc-doge-dash
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It will help a lot of traders to earn quickly with out spread. Great idea , great work
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https://steemit.com/bitcoin/@andrea97/how-to-earn-quickly-and-safely-bitcoin-btc-bitcoin-cash-bch-litcoin-ltc-doge-dash
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