Competition for Coinbase? Robinhood launching "No Trade Fee" App for USD -> BTC & ETH
Coinbase has long dominated the crypto to fiat on-ramp, but a new player is joining the party.. Robinhood, the zero trade fee mobile stock app is beginning to support crypto in February, and might provide some much needed competition to Coinbase. Let's talk about why I think this is an important development and advantageous to end-users throughout the cryptocurrency world.
Check out Robinhood Crypto here (not much info on it yet):
https://crypto.robinhood.com/
TechCrunch article on Robinhood Crypto:
https://techcrunch.com/2018/01/25/free-cryptocurrency-trading-app/
Buy Bitcoin, Ethereum and Litecoin on CoinBase and get $10 worth free:
https://cryptobobby.com/coinbase
Buy and Trade altcoins on Binance - https://cryptobobby.com/binance
Secure your Crypto with a Ledger Nano S:
Amazon (faster shipping):
https://cryptobobby.com/ledger-amazon
Ledger (slower shipping, but cheaper): https://cryptobobby.com/ledger
Get a Free Trial of Coinigy (the trading/charting software I use):
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Portfolio Tracking:
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** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**
I have always marveled how long it’s taken for them to have a legitimate comeptitor.
Yes, did you see Coinbase's profit margin? Crazy!
I heard anecdotally. This is a slam dunk for traditional brokers. Offering free crypto cost very little bit is free adversiting and will get people to move their assets over.
Sign of just how difficult regulation is, it's incredibly expensive to hire a legal/compliance team to gain approval for every state in the US
I totally agree .Its also much harder today than when Coinbase did it because regulators fear its a bubble.
Steem (STEEM) is perhaps the most famous cryptocurrency that is all about social media. It’s actually an awesome concept. Moreover, it is a concept that was executed successfully – and this crypto-coin is enjoying a lot of growth as a result.
Already over 100,000 people on the waitlist within 90 minutes of announcing, damnnnnnnnn!
Signed up for the waiting list. Thanks for this @cryptobobby
This is great news.
love to see a bit more competition in the fiat<->crypto space
bread looks good project too ,, thnx for video mate
Coinbase will finally need to lower fees! 4% is insane if you can trade for free on Robinhood. Very interested in seeing which alt coins get selected. THIS IS YUGEE
"outs" are low in supply and high in demand. I will be grateful if this project goes well. This announcement was very confusing to me since I thought it was a misspelling of cobinhood a to-be decentralized exchange that has a similar ideal of 0 trading fees.
... umm, which one is it??
Competition is always good. Robin hood will definitely help bring more people into the Crypto space. Touching on Master nodes. I think they are good investments overall specially for inexperience people who might not have knowledge like a person who can make those crazy percentages. I am excited to see what good will pop up next in this uprising. It is almost as a new world is being made.
Competition is necessary and will benefit the crypto world as well as everyone involved greatly.