Instead of building an app around profit, Robinhood built a trade experience around philosophy: “We believe that cryptocurrencies have the potential to fundamentally reorganize the way money works from the ground up, putting power previously held by financial institutions directly in the hands of the people.”
On the Robinhood app, users can invest in cryptocurrencies alongside stocks, ETFs, and options, track different coins, and read market news all on one platform. Bank transfers up to $1,000 are instantly available in user’s accounts to trade cryptocurrencies and any additional funds are transferred in the user’s account via ACH.
As of now, there are 16 cryptocurrencies on their watchlist. Users can monitor their market data, read cryptocurrencies news, and create custom price alerts for:
- Bitcoin Cash
- Ethereum Classic
- Bitcoin Gold
For real time market data and early access to trading coming this February click Robinhood.
In the words of Robinhood, “If you’re building for the future, you need to keep your foundations strong, laws of the land enslave the people to a king who demands loyalty but offers nothing in return.” It seems that this cryto-trading curve ball hits the bulls eye in both the mission of democratizing money behind Bitcoin and the Robinhood app.