RE: Will Robinhood Save Us From Coinbase's Tyranny?

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Will Robinhood Save Us From Coinbase's Tyranny?

in cryptocurrency •  7 years ago 

Will Robinhood save us from Coinbase alone? No. However, new exchanges such as reputable ones from the traditional market will definitely place new pressures on Coinbase and bring a new set of entrants to the market.

I'm intrigued on how the landscape of the market will change by year's end with the rise of new exchanges (including decentralized ones) and the bolstering of current exchanges like bittrex (e.g., with the addition of fiat trading pairs this year).

As consumers, this will work in our favor and give us the freedom of options. From an crypto ecosystem perspective, this will strengthen the market with having more reliable exchanges and increasing the number of trading pairs, especially fiat pairs, that might be available.

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Competition is (almost) always the consumer's friend!

absolutely​

Did I hear you say that Bittrex was going to take USD in the future in one of your other videos?

Also Robinhood is a traditional (regulated) broker so they will probably have decent safeguards against crooks or idiots losing your money.

The idea that the market should build itself is also bad . Take an example of health care, let the diseases spread and there will be pharmaceutical laboratories who will invest and eradicate the diseases.

So true. When the big boys like TDAmeritrade, Scott trade and the likes come out to play in this space coinbase can basicly call it finito.