No Fee Ethereum and Bitcoin Trading: Robinhood is ON
The Zero-fee BTC and ETH trading by the Robinhood mobile app is going live and announced by the company today on Thursday, Feb. 22.
Users that will be first to test the trading app [crypto-related] are those that are based in California, Missouri, Montana, Massachusetts and New Hampshire. As declared by the firm, the support for no-fee-crypto trading will be released step by step for more states later on.
At the moment, all users of Robinhood are able to monitor the market for the prices of 16 different cryptocurrencies, regardless of whether or not they have access to the actual trading feature.
As Robinhood stated on Jan. 25, the main goal behind launching its zero-fee cryptocurrency trading platform was to bring as many new customers as possible. Robinhood claimed that the company is planning “to operate this business on break even basics.”
Robinhood crypto has climbed over 4 mil users flying past $100 bln in transaction volume while over $1 billion in saved commissions in equity trades – according to the blog.
If you are up to discussing crypto-trends, markets, news online – the firm has launched the Robinhood Feed which allows the above mentioned to be executed.