Bitcoin and Ethereum to be traded without transaction fees through Robinhood
Crypto currency has been one of the biggest topics of discussion for the past few months. It is one of the most lucrative ways of making money by trading or by investing and hoping for an increase in value. There is still a little bit of learning required before someone can fully understand what bitcoin truly is. With the market interest at an all time, many companies are building businesses based on crypto currencies.
Once such company to join the trend is Robinhood.
Robinhood is a stock trading app that will allow users to trade bitcoin and ethereum. The difference between it and it’s competitors is that it doesn’t charge any additional transaction fee, unlike other companies with a 1.5-4 percent fee.
Not only that, but it also allows you to monitor and value others things such as options, stocks, etc, all on the same website.
The website has been running for around five years, however this is the latest change happening to its business. It’s valued currently at $1.3 Billion and has raised $176 million from various investors.
Currently other trading companies haven’t announced such plans to get rid of transaction fees, but with a user base of over 3 million people, this move will definitely entice more users to start using the platform.
Recently there was in the value of bitcoin hitting a peak of close to $20,000.