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RE: Robinhood App the Next Coinbase?

in #bitcoin7 years ago

You missed one thing: when you buy crypto on robinhood, you don't actually have the crypto. You can't send it to your wallet. You are simply trading the paper derivative of the underlying asset. If you like to get in and out of it, its a great platform for that. But if you want to hold in the long term, I would suggest buying the real thing.

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Yes, this is true. People who use Robbinhood trade stocks so they would treat crypto the same as they do stocks. Also, new investors in crypto would feel more comfortable using Robbinhood because they don't want to worry and learn about wallets and protecting your btc and all that. People like us want to hold actual bitcoin, because we know its better and already know how to do everything. Anyway the main point is like you said its great for getting in and out and it will still spread adoption.

Options trading for crypto on Robinhood would be killer.

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