Robinhood just launched zero-commission Robinhood Crypto and become Coinbase's biggest competitor on the spot. Starting in February, the zero-commission stock trading app will also let users buy and sell Bitcoin and Ethereum without any added transaction costs.
“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” Robinhood co-founder Vlad Tenev told TechCrunch.
With crypto's popularity literally off the charts, and Coinbase rumored to have made over $1 Billion in revenue in 2017 (charging 1.5% to 4% in transaction fees) Robinhood's zero-commission approach is going to be very popular. If this sounds interesting, Robinhood is hiring in multiple positions, including designers and engineers on A-List.
Related: How to Get a Job at a Crypto Startup
“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” Robinhood co-founder Vlad Tenev told TechCrunch.
With crypto's popularity literally off the charts, and Coinbase rumored to have made over $1 Billion in revenue in 2017 (charging 1.5% to 4% in transaction fees) Robinhood's zero-commission approach is going to be very popular. If this sounds interesting, Robinhood is hiring in multiple positions, including designers and engineers on A-List.
Related: How to Get a Job at a Crypto Startup
