Robinhood Launches Commission-Free Crypto Exchange

February 26, 2018

Over 4 mln users have registered their accounts at Robinhood Markets. The primary reason for the rush is the broker offering interest-free Bitcoin and Ethereum trading.

Palo Alto, a Californian firm that first caught the eye of users having offered a free app for asset trading, claimed last month it is to deal with digital assets either. Trading the two major cryptocurrencies is already available for users from California, Massachusetts, Missouri, Montana and New Hampshire.

As at April, Robinhood had 2 mln users with the figure rising up to 3 mln in November and it kept on increasing after the company announced cyrptocurrency trading.

Thus the largest crypto exchange Coinbase has got another tough competitor.

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