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RE: Curious how much demand there might be out there still for cryptocurrencies?
Thanks for the post! It would be interesting to see how many of the 1,000,000 users are actually new users vs. people who have already invested in Crypto and want another exchange to diversify buying opportunities.
Furthermore another point which I think is important to consider is that Robin Hood may only be eligible for US citizens however in the signup process there was nothing which prevented non-US individuals to sign up.
Whilst its great to see so much interest - I cant help to believe that the 1,000,000 number is inflated due to (1) anyone could have registered interest but not actually be eligible to be a user on Robin Hood and (2) the 1,000,000 may just be coinbase users who are sick of the fees there and just migrating platforms.
Certainly possible :) Though, I'd venture to say that when they do eventually launch, they will likely provide a practical on-ramp for many first time crypto users.
So regarding the above, you've inspired me to write a full post on my views on Robin Hood's million users - feel free to check it out here.
I agree that yes they will make it easy for first time users, but that growth is organic growth vs. genuinely capturing new users - so would probably have happened with or without Robin Hood joining the Crypto game as anyone who plans to join this year would probably have gone through Coinbase.