Robinhood Launches Free Crypto Money Trading in February

Robinhood announced in a blog post on January 25th that as of February, Bitcoin and Ethereum will start trading inexpensive crypto money.

According to the statement, crypto money exchanges such as Coinbase are receiving fees ranging from 0.1% to 4% per transaction. Robinhood will not get these fees from its customers with the new application to launch.

Robinhood currently supports only Bitcoin and Ethereum transactions. However, the application will allow the monitoring of price changes of a number of cryptographic currencies, such as Ripple and Litecoin, as well as these crypto coins.

https://www.robinhood.com
The aim of the company is to use the costless crypto money trade as a "sale to loss". So more users will come to the app that is currently being used by more than 3 million users.

Vlad Tenev, one of the founders of Robinhood, told TechCrunch about the matter;

We are planning to do this at the most basic level and we have no profit for the near future. Robinhood Crypto's challenge is to increase customer retention and provide better service to our existing customers.

The company also plans to attract more users by offering simple-to-use analysis and processing tools.

Robinhood, "We think that the crypto currencies have the potential to rearrange the fund's fundamentals. Today, the economic power in the hands of the financial institutions, thanks to crypto money will go completely in the hands of the people, "he adds.