Why Robinhood is good for crypto - potential catalyst
Heads up folks,
Robinhood is opening up crypto trading starting up next month. There are currently almost 1 million people signed up on their waitlist. I expect this to pump up crypto (BTC/ETH first as they are the first currencies that you can buy on the platform).
The 16 that you can track are BTC, ETH, XRP, BCH, LTC, QTUM, ETC, XLM, NEO, ZEC, XMR, DASH, BTG, LSK, OMG, and DOGE. I fully expect this to pump up Stellar (XLM) as it is one of the most reputable coins with the 2nd lowest per-coin price. Stellar is every bit as fast as Ripple with half the market cap and a much larger community following.
I'm not putting my referral code out on this one but other folks are welcome to do so.
Good luck everyone!
Disclosure: I'm long BTC, ETH, LTC, XLM, NEO, and OMG
Looks like BTC is on the way up as the smart money is front-running this event. BTC $11,586 on Coinbase/GDAX, $11,690 on Gemini, and $11,972 on Poloniex currently.
ETH will also benefit. XLM, despite being inflationary, will be the next to moon as it is the cheapest of the 15+ cryptos that you can track on robinhood
This is good news... Robinhood offers free trading yippeee! Who are the rich they are stealing from and who are the poor they are giving to? Oh! Well, maybe its not that kind of robinhood... hehehehe
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What date is the ICO?
No ICO. Robinhood is an existing brokerage platform that has offered free stock trading since 2013. They are a small venture-backed company and last raised $110 million in August 2017.
Last year they had 2 million accounts. It is much easier and faster to sign up on Robinhood than on Coinbase or Gemini--approval is almost instantaneous.
Having them open up to crypto trading is a huge catalyst in terms of many more people being able to easily buy crypto.
Cool!
That would be a great disruption to other well known exchanges.