Buy Bitcoin here
  • Crypto
    • Bitcoin News
    • Ethereum
    • Altcoin
    • Blockchain
    • Blockchain Companies
    • Cryptocurrency Exchanges
    • DeFi
    • Regulation
    • Cointelegraph news
    • Press Release
    • ICO News
      • ICOs Review
      • Upcoming ICOs
      • Scam
  • Education
    • CryptoTicker Starter Kit
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
    • Events Review
  • Prices
  • Exchange Comparison
  • Newsletter subscribe

  • News

    • Bitcoin News
    • Altcoin
    • Regulation
    • Blockchain Companies
    • Blockchain
    • Cryptocurrency Exchanges
  • News

    • Ethereum
    • Events Review
    • ICO News
    • Press Release
  • Education

    • CryptoTicker Starter Kit
    • Education
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
  • Cryptoticker

    • About us
    • Advertise
    • Media Kit
    • Submit your Press Release
    • Contact
    • Membership Login
  • Social Media

    Facebook Twitter Telegram Youtube
    • Newsletter
  • Crypto
    • Bitcoin News
    • Ethereum
    • Altcoin
    • Blockchain
    • Blockchain Companies
    • Cryptocurrency Exchanges
    • DeFi
    • Regulation
    • Cointelegraph news
    • Press Release
    • ICO News
      • ICOs Review
      • Upcoming ICOs
      • Scam
  • Education
    • CryptoTicker Starter Kit
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
    • Events Review
  • Prices
  • Exchange Comparison
Starter Kit Membership Search
English
English Deutsch
Menu
Search


Blockchain Companies

Robinhood Trading On-Ramp Earns 1,000,000 New Users

Posted On February 1, 2018 Liam J. Kelly 0

  • share 
  • share 
  • share 
  • tweet 
  • share 
  • share 

 

After announcing a move into cryptocurrency trading, Robinhood documented an uptake of nearly one million new registrants to the trading platform. More importantly, co-founder Vlad Tenev is offering participants no-fee trading and hopes to upend competitors like Coinbase.

Immediate Competition

Following initial reports of the trading platform offering no-fee crypto capabilities, the firm expects to simply break even in the new venture. The profits can thus be expected to arrive in the long-term and also from the large user base pouring in.

Specific figures indicate a boost of one million new users and three million users overall for the trading firm. The firm, however, has yet to report any figures regarding profitability and future projections.

The business model will roll out both ethereum and bitcoin trading options in February, with the added caveat of being free. Co-founder of Robinhood told business insider that:

“We are going to break-even on this, [but] it could dramatically increase user growth.”

This announcement comes as an immediate threat to other on-ramp services like Coinbase. The latter, while highly profitable in 2017, has been under fire for high exchange fees and clogging the Bitcoin network by submitting unbatched transactions and postponing SegWit.

Regarding the growing pains faced by exchanges the world over, Bhatt responded as such:

“Today our business transacts 10,000 different symbols in equities and ETFs. We see millions of trades a day. In our brokerage industry there is not excuse for down time. We plan on bringing that mind-set to the crypto space. We don’t view any of that stuff as acceptable.”

Robinhood will be offering their services in California, Massachusetts, Missouri, New Hampshire, and Montana. Further, the surge for new entrants to the market indicates that the crypto space is alive and well. More custodial services and customer-friendly exchange points will certainly help this upward trend.

  • share 
  • share 
  • share 
  • tweet 
  • share 
  • share 

It is super easy to buy Bitcoin. Just take a look at our exchange comparison!

 

Trading Bitcoin is too complicated?

We highly recommend our Crypto-Starter-Kit to you! 

Or are you looking for the current Bitcoin Price in USD? Look no further!
Bitcoin Price, Ethereum Price, Ripple Price  

 

 

Follow us on Social Media and subscribe to our free crypto newsletter!

@Telegram
@Instagram
@Twitter 
@TikTok
@Facebook

Diskutiere mit uns!

About Trading @CT Trader
About Crypto in general @CT Inside

This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)

Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.

Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future. 

#Bitcoin#Ethereum#exchange#Robinhood#trading



You might also like

Bitcoin Bitcoin News Crypto TradingView

Bitcoin Double Spend – Why Bitcoin Prices Crashed
January 22, 2021
Bitcoin Crypto TradingView

Is the crypto bull run over? BTC price dives by 13% in the past 24 hours
January 21, 2021
Bitcoin Crypto TradingView

Bitcoin Price Prediction: BTC at risk of falling below $30,000 after losing critical support
January 21, 2021

More from Blockchain Companies

Synthetix v3 Poised For 2021 Launch Could Revolutionize DeFi, Here’s How
Posted On January 15, 2021 Taha Zafar 0

Synthetix - the leading derivatives protocol on the Ethereum network and a pioneer in DeFi launched a new year 2021 …

As XRP Price Fluctuates, Central Banks May Offer Ripple Stability and Growth
Posted On January 13, 2021 Santiago Burelli 0

In November, Ripple peaked at its highest since 2018’s all-time-high, only to begin a sad bear run to its YTD …

Bancor Liquidity Increased 1000% After v2.1 Launch Amidst Incoming Polkadot And L2 Integrations
Posted On January 12, 2021 Taha Zafar 0

Bancor - the automated market maker (AMM) protocol has massively increased it's total liquidity by 1000% to reach a significant …

In order to support and motivate the CryptoTicker team, especially in times of Corona, to continue to deliver good content, we would like to ask you to donate a small amount. Independent journalism can only survive if we stick together as a society. Thank you


  • Top Broker

    Bybit
    bybit
    Review · Visit
    Plus500
    Plus500
    Review · Visit

    Top Exchanges

    Kraken
    Kraken
    Review
    Coinbase
    Coinbase
    Review · Visit
  • Newsletter subscription




  • News

    • Bitcoin News
    • Altcoin
    • Regulation
    • Blockchain Companies
    • Blockchain
    • Cryptocurrency Exchanges
  • News

    • Ethereum
    • Events Review
    • ICO News
    • Press Release
  • Education

    • CryptoTicker Starter Kit
    • Education
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
  • Cryptoticker

    • About us
    • Advertise
    • Media Kit
    • Submit your Press Release
    • Contact
    • Membership Login
  • Social Media












    Newsletter


  • Imprint
  • Privacy Policy
  • Non-liability Disclaimer
©2021 CryptoTicker

Share

Share stories you like to your friends