The stock trading app Robinhood is planning to offer cryptocurrency trading. As of right now, customers can track the price of 16 crytpocurrencies. In February a limited number of clients from several states will be able to trade Bitcoin and Ethereum.
I wonder what other trading companies will follow suit.
Source: The Motley Fool
Very interesting to bring the two together. I wonder if it will be free trade bitcoin on Robinhood since there are no fees? It might be my go-to if so! Thanks for the post.
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Yes, this is an interesting question which I don't have an answer to. Ill be keeping a close eye on it...
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The only concern I would have is if you hold the currency or is it just a CFD?
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I don't think its CFD because the Motley Fool article clearly states 'not just futures'...but let's keep an eye on it.
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This will be the first of many to combine crypto and stocks. Smart move by the team at Robinhood. There's a a ton of crypto information going mainstream this week...
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such good news for the crypto world....
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I was hoping you could trade both stock and cc in one app, and one place. Looks like 2 apps for me. But I hope this brings some legitimacy to the industry, and also adds a "Traditional" investor institution to have crypto's back should other attempt to ban it.
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