With crypto exploding in popularity over the last few months, it only made sense for online stock brokerages to begin reaping the benefits.
Robinhood, a popular stock trading app, recently announced they will begin a “no fee – commission free” trading service for Bitcoin and Ethreum in February. The space is currently dominated by rival trading platform Coinbase, which users often complain of exponentially high transfer fees, and a lack of hardend support.
Since the announcement, more than 1M people have signed up for early access on Robin Hood’s app platform, a 30% increase in user count – now 3 million users and counting.
Although crypto prices are still bleeding across the board, there is still much anticipation for prices to bounce back and be around for a while.