Showing posts with label robinhood. Show all posts
Showing posts with label robinhood. Show all posts

Shots Fired - Robinhood CEO Says Coinbase's Fees Too High, Shares Goal Of Expanding Crypto Offerings...

Robinhood has had a rough month following halting users from buying stock in Gamestop after Reddit pumped it, in a story too long to summarize.

Just know it ends with Robinhood claiming they're innocent, and were forced to stop because of regulations that apply to them having to do with the amount of stocks they hold for customers and maintaining a percentage of funds in the bank for all of them. But there's still no shortage of angry traders who left the platform and still rant about it today.

In a video (above) just posted to Robinhood's YouTube channel, CEO Vlad Tenev seems to have what he believes may be the path back to being respected by the young tech savvy professionals they've always targeted - by becoming the new, less expensive, major crypto exchange? 

Stock & crypto trading company 'Robinhood' has faced some harsh criticisms - but also earned a $5 billion evaluation...

Robinhood has faced criticism for business practices that allow it to offer free trading. It also botched the rollout of a checking and savings account feature in late 2018, garnering concern from regulators.  Then it earned a $5 billion evaluation! So, how does Robinhood even make any money?

Popular stock trading app Robinhood adds crypto trading - with no fees!

Beginning February the Robinhood App can be used to purchase Bitcoin and Ethereum - with no fees (for now).

Also, and possibly a sign of other coins they may make tradeable - the app will allow for tracking of Bitcoin Cash, Litecoin, Ripple, Ethereum Classic, Zcash, Monero, Dash, Stellar, Qtum, Bitcoin Gold, Dogecoin, OmiseGo, NEO, and Lisk.

Robinhood has brought in millions of users with their popular stock giveaway promotion - where you receive a random stock share for signing up.

Some lucky users have scored free shares of major companies like Facebook and Apple - you can try your luck by signing up here. 

Author: Ross Davis
San Francisco News Desk