E*Trade Is Close to Launching Cryptocurrency Trading E*Trade would be one of the largest securities brokerages to allow crypto trading. It will enter into a competitive market with startups like Coinbase & Robinhood.First they will list BTC & ETH & after that other crypto currencys.Kin on the line?
[uncensored-r/Bitcoin] Keeping Coinbase on their toes - Robinhood adds no-fee crypto trading!
The following post by pc_to_mac_user is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7sx64q The original post's content was as follows:
New video on the Robinhood App - now allowing crypto trading - and why it's leadership (Vlad Tenev & Baiju Bhatt) and investors (Snoop Dogg, Ashton Kutcher, Jared Leto, Marc Andreesen) make it a major threat to traditional investing services and may even take on Coinbase!
Warning regarding Robinhood - they are not yet trading any crypto and they will not let you withdraw deposits for a week (on top of the ACH transfer time)
Hello /bitcoin, I just wanted to give a heads-up in hopes that maybe others can avoid my missteps. First, the Robinhood crypto exchange does not exist yet. This is not clearly communicated during the sign-up process. Second, if you transfer money to them, you will not be able to transfer it back to yourself until they have held it for at least six full trading days, which they claim is an AML measure. I have written them the following email and I will update this post when/if they respond: To: [email protected] Subj.: You are holding my money -- I want it back, please Hello, On January 29th, I signed up for your service after receiving an invitation from a friend under the impression that you were offering cryptocurrency trading without fees. During the sign-up process, I was directed to link my bank account and transfer some funds to get started. After completing the sign-up, I realized that you do not yet offer cryptocurrency trading at all, which was definitely not communicated clearly enough (if at all) during sign-up. Oh well, live and learn, right? I figured I would just wait until my ACH transfer completed and then transfer back to my bank account. My transfer completed today but, when I went to transfer back to my bank, what do you know? I'm not allowed! The reason given was that there is an Anti-Money Laundering holding period of six whole trading days. You will have to excuse me but that is absurd. I have not transacted with these funds. There is no possibility of money laundering and that would be straightforward to prove. I would like for you to return the $4000 I transferred to you to my bank account and I would like you to do it today. I feel that I was induced to hand you my money under false pretenses ("trade crypto with no fees!") and that your failure to inform me that my money would be irretrievable once transferred to you was deceptive, at best. If you do not intend to return my money to me today, please give me the phone number of someone involved in making this decision so they can explain to me why it makes sense for you to hold on to my money for six more days. I guess the silver lining here is that you all are demonstrating why cryptocurrencies are exploding in value -- it is absurd that you all can tell me that I cannot transfer my money from one account that is in my name to another account that is in my name. Thank you for your time and understanding, asaltandbuttering
900k Users are registered to trade crypto on Robinhood starting Feb 1st, new rally?
As the title suggests, there's almost a million people already registered (and more every minute) to trade crypto. Bitcoin and Ethereum to start, others following, on the Robinhood app when it launches this feature in earnest on Feb 1st. Considering the amount of people, the fact that it's only going to be available in 5 or so states to start, am I mistaken in thinking this may lead to a new rally starting Feb 1 in Bitcoin and Ethereum?
Robinhood means Robinhood Markets and its in-application and web experiences with its family of wholly owned subsidiaries which includes Robinhood Financial, Robinhood Securities, Robinhood Crypto, and Robinhood U.K. All investments involve risks, including the possible loss of capital. Traders on Robinhood Crypto can also have the fees charged by cryptocurrency exchanges, brokers, market-makers, liquidity providers, or other types of cryptocurrency counterparties, trading venues Robinhood is a unique entry as a crypto trading platform. It is positioned very differently from the traditional trading platforms, including the ones we have previously covered such as Coinbase Pro, TradeStation, and ThinkorSwim.. Specifically, Robinhood is designed to have no trade fees, which is pretty groundbreaking in and of itself.But it also has a re-imagined, modern interface. Robinhood Fees, Trading Limits, Approval Wait Times. As of March 2019, Robinhood Crypto (like other trading options with Robinhood) claims to have zero fees, commissions, or hidden charges. However, the 19-page “Robinhood Crypto User Agreement” seemingly contradicts this statement. There is a section titled, “Rebates and Pass-On of Fees Since Robinhood Crypto launched last year, we’ve been committed to giving people across the country access to commission-free crypto trading and improving our crypto business.. Today, we’re bringing crypto trading to eight more states: Delaware, Kentucky, Louisiana, Maine, Maryland, Minnesota, Nebraska, and Vermont.
Robinhood App Crypto Trading - Can it Really Make you Money?
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