Robinhood Trading Cryptocurrency

The No-commission stock trading app Robinhood will let you buy and sell Bitcoin and Ethereum without any added transaction fees starting in February. (Watch out Coinbase)

Robinhood co-founder Vlad Tenev says “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. The value of Robinhood Crypto is in growing our customer base and better serving our existing customers."

They will charge no fees to any of their customers for buy crypto on there site. If this is true when they could pull a lot of customers away from coinbase and gemini who are paying 1% to 4% every time they trade Fiat for Crypto.

The global acceptance level for cryptocurrencies will continue to grow as more companies like this one pull it more into the mainstream light.