Robinhood App has announced that they are bringing crypto to their stock app. So what does this mean for investors, and the market? For one Coinbase now has a new rival, as fiat will be able to travel into the market without having to go through Coinbase. Another plus is they are also going to host more than three currencies. They have already announced they will host Bitcoin and Ethereum in February, with more alt coins after that. An estimated sixteen coins according to multiple sources.

For early access, you can go on their website to get all the latest updates...
https://crypto.robinhood.com

One of the best things about their platform is there will be no fees attached to transactions! Yes, you read that correctly! This will certainly raise some eyebrows and attract some new members. This is what the co-founder had to say...

“We’re planning to operate this business on a break-even basis and we don’t plan to profit from it for the foreseeable future” says Robinhood co-founder Vlad Tenev. “The value of Robinhood Crypto is in growing our customer base and better serving our existing customers.”

For those of you who don't know about the Robinhood app, here is the description from their website

Invest for Free

• Invest in cryptocurrencies, stocks, ETFs and options side by side, all commission-free and easily accessible in one app.
• No account minimum needed to get started.
  (Please see Robinhood’s Fee Schedule to learn more)

Instant Access
-Use funds immediately for stocks and crypto with Robinhood Instant Deposits, instead of waiting the standard 3-day period.
-Instantly sell your stocks to buy cryptocurrency or sell your cryptocurrency to buy stocks.

Investing at Your Fingertips

• Sign up in minutes, trade stocks, options, ETFs, and cryptocurrencies in seconds.
• Stay on top of your investments with personalized price movement, earnings, dividends, and splits notifications.
• Access real time market data for stocks, options and cryptocurrencies.
• Place market, limit, stop loss, stop limit, and good-til-canceled orders.

Designed for You

• Approachable design, built from the ground up with newcomers and experts in mind.
• View beautiful, intuitively designed charts and historical market data for stocks and cryptocurrencies.
• Material Design Award Winner

Get More Buying Power With Robinhood Gold

• Invest more in the companies you love with up to double the buying power.
• Capture investment opportunities right away with larger instant deposits.
• Get access to extended market hours as early as 9am EST and as late as 6pm EST.

Get Free Stock

• Refer a friend and you’ll both get a free stock like Apple, Ford or Sprint.
• Earn up to $500 of free stocks that include some of the most popular stocks on the market.

Secure & Trusted Platform

• Robinhood uses cutting-edge security measures like 128-bit AES to encrypt your personal information.
• Robinhood Financial is also a member of FINRA and SIPC, which protects securities in your account up to $500,000. For details, please see www.sipc.org. Robinhood Crypto is not a member of FINRA or SIPC and cryptocurrencies are not protected by FDIC or SIPC insurance.

One of the coolest aspects of the app is the ability to gain free stocks through inviting friends.. You have a chance to win anything from Apple to Facebook..

Here is a referral link if anyone is interested, we both get a free stock!
share.robinhood.com/rayw100

I would love to hear what everyones thoughts are on Robinhood adding crypto. Also has anyone had good or bad experiences on the app? I have had a lot of fun recently adding in spare money when available.