Robinhood: The Company, The Myth, The Legend?

January 26th, 2018

Clickbait!

You thought I was going to talk about everybody's favorite tale that remains in the lore of most English-speaking folks to this day. But instead we're going to talk about a potential legend in the making that drew some inspiration from the story. Of course I'm talking about the hot Fintech start-up that is no doubt getting hotter, Robinhood.

Robinhood launched it's first smartphone app in 2015. Their platform leverages technology to make investing easier and more accessible to retail investors. This has been seen by many as positive, as adoption of their platform and user experience has been good. They were one of the biggest darlings of Fintech before Bitcoin and Blockchain could no longer be ignored.

So, it's no surprise that a company called Robinhood, that aims to democratize investing is now getting into the crypto market by announcing they will support trading of several crypto assets on their platform. Early access is underway with over 300,000 sign-ups in roughly a 24-hour period, at the time of writing this article.

This move is huge as Robinhood aims to stick to their commission-free trading model. This is also huge as it creates another USD-to-BTC on-ramp for retail investors and institutions alike. Along with their cutting-edge user interface, the prospect of trading crypto alongside stocks, options, and ETF's makes Robinhood likely to bring competition and innovation to the marketplace.

Stay tuned to Phuture Gains as we cover this story as it develops.

Official Robinhood blog
https://blog.robinhood.com/

Robinhood Referral Link - free stock!
https://share.robinhood.com/markb1386