Robin Hood Crypto is commencing Bitcoin trade without commission
Robin Hood is now stepping into the crypto money market. The application will not receive commissions from the crypto money trade
Bitcoin investors who had to pay a commission of up to 8 percent during the Bitcoin trade on the stock exchange were pleased to hear from Robinhood. The company, which owns the Robinhood application which allows stock trading without a commission, is now entering the crypto money market. Robinhood, which will initially offer commission-free trade services for only Bitcoin and Ethereum in certain US states, plans to increase the number of crypto coins and the number of states it serves in the coming years.
Instant money transfer
Robinhood Crypto, which will be operating in February, will provide 24 hour uninterrupted crypto money trading service for named application users. The application also promises that users can transfer funds to their bank accounts instantly from their bank accounts up to $ 1000 without applying or applying them. If we think that investors trading with small amounts are heavily influenced by the sudden change in cryptographic value, Robinhood Crypto may be able to attract a large number of users to implement the money transfer feature at the time it appears. In addition, Robinhood Crypto will also offer users the ability to set the upper and lower limit for trading, which is currently not available on some major crypto money exchanges.
Vlad Tenev, from the founders of Robinhood, who will increase the competition between the stock markets in the crypto money world with its user-friendly features, should not be commissioned, emphasizing that they do not intend to earn income in the short term and they will operate the business on the basis of "neither profit nor loss". Robinhood Crypto, of course, will not make money for its founders at the moment, but Robinhood; the platform that brings together traditional stocks and crypto money trade is expected to attract more people to the world of crypto money. Thus, the number of users will increase the platform; users will be able to sell more of the Robinhood Gold package, which lends money between $ 1,000 and $ 50,000 per month for $ 200 per month for stock and crypto trade.