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In contrast, Robinhood is a trading app that allows users to buy and sell stocks, ETFs, options and some types of crypto for no out-of-pocket cost. Both companies have faced scrutiny from ...
Close-up of person's hand holding smartphone with the Robinhood investment app showing a chart and current price for the cryptocurrency Dogecoin, Lafayette, California, September 15, 2021.
The company is named after Robin Hood, based on its mission to "provide everyone with access to the financial markets, not just the wealthy", with no commissions or minimum account balances. [3] [4] The company has been referred to as an innovator in zero-commission stock trading, as it relies on other sources of revenues. [5]
Robinhood scooped up crypto exchange Bitstamp in June and took aim at credit players American Express and Visa in March with the launch of a credit card that offers 3% cash back on purchases.
Depending on the type of Robinhood account you have, commissions for trading futures will be as low as $0.50 per contract for Robinhood Gold members and $0.75 for non-Gold members.
Robinhood is making a big play to be an active trading platform.
One of the major limitations to getting involved in Web3 is the lack of affordable and easy funding options. Often investors have to open an account and go through a dedicated crypto brokerage or ...
The acquisition is a risky one but could pay off by giving Robinhood access to new markets. Robinhood just made a very big bet on crypto: What the $200 million Bitstamp deal means for the company ...
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related to: robinhood legend for crypto money market investment account