Robinhood fact of the day

From the always excellent Token Economy newsletter:

There are currently almost 900,000 people in line to get early access to Robinhood Crypto.

If you don’t read it already, check out theĀ Token Economy #33: Dogfooding at Token Economy

More on Robinhood’s plan to offer free crypto-trading

By essentially using crypto trading as a loss leader instead of its primary business like Coinbase and other apps, Robinhood could substantially expand beyond the 3 million users it already has. Simplifying trading and tracking could bolster Bitcoin and Ethereum. And by combining it with traditional equities trading in a single app, Robinhood could further legitimize the cryptocurrency craze.

More on Robinhood’s plan to offer free crypto-trading and the pressure it put’s on Coinbase, while also helping to legitmize crypto to a degree.

via Robinhood adds zero-fee cryptocurrency trading and tracking at TechCrunch

Robinhood to offer free crypto trading

Stock trading app Robinhood is becoming a cryptocurrency broker.

I believe this is the first “traditional” (used loosely here) brokerage to offer cryto in the US. In other countries, Etoro is an option. Of course, how long until Coinbase introduces traditional security trading?

via Stock trading app Robinhood to roll out bitcoin, ethereum trading at CNBC