Since Embracing Bitcoin, Robinhood App Value Jumps to $5.6 Billion

In just three years, Robinhood Financial LLC has exploded. It gained traction as a free stock trading smartphone application (app). At the start of this year, they announced incorporation of bitcoin and ether trading, using free trades as a loss leader to gain customers. The model seems to be working, as the Wall Street Journal is reporting the startup will soon be valued over 5 billion USD.

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