The famous stock trading app Robinhood will permit users from different states to trade cryptocurrencies with zero-fees. Te a latest blog postbode uploaded by the company, the team has announced that they are going to add cryptocurrencies to the toneel. Ter this way, customers will be able to trade cryptocurrencies alongside stocks, ETFs, and other options. The only cryptocurrencies that could be used at the beginning will be BTC and ETH.
Robinhood: Zero-Fees for Cryptocurrency Traders
The announcement made on January the 25 th , explains that instant handelsbank transfers up to $1,000 dollars will be available ter the account to begin trading. But one of the most interesting aspects of this verhoging is that it offers a Commission-Free service.
This could be an chance to challenge Coinbase and other platforms te the United States. Other companies charge high fees for trading cryptocurrencies and offerande a very poor customer support and sometimes service outages. The company explains that they are not programma to profit form it at least for the foreseeable future.
The statement reads spil goes after:
&ldquo,Today, cryptocurrencies are coming to the Robinhood toneel. Wij believe that cryptocurrencies have the potential to fundamentally reorganize the way money works from the ground up, putting power previously held by financial institutions directly te the mitts of the people.&rdquo,
Robinhood makes money by selling premium accounts at a price of $6 dollars vanaf months. Ter addition to it, the company earns revenue by collecting rente on the contant and securities ter Robinhood accounts. But trading is always free of charge.
Different cryptocurrencies will be supported at the beginning. The company said that it will embark suggesting 16 cryptocurrencies to the observe list, monitor market gegevens, cryptocurrency news and custom-made price alerts. Among thesis wij can find Bitcoin, Ethereum, Bitcoin Contant, Litecoin, Ripple and Stellar.
Te February, cryptocurrency trading will be available for individuals from California, Massachusetts, Missouri, Montana, and Fresh Hampshire. The only cryptocurrencies supported for trading will be Bitcoin ( BTC ) and Ethereum ( ETH ).
&ldquo,Wij eyed an chance to build a better practice to trade cryptocurrencies, one where you can invest commission-free te cryptocurrencies alongside stocks, ETFs, and options, track different coins, and read market news.&rdquo,