Robinhood, the Microfinance giant bets on Bitcoin


Robinhood is offering its cryptocurrency trading for free and is hoping to bring in investors from the cryptocurrency industry which is currently estimated to be worth around $550 billion. It, however, has a certain premium service referred to as Robinhood Gold, which provides margin and after-hours trading. Robinhood does not have its own cryptocurrency wallet yet. For now, it relies on a third-party wallet, but the company will take custody of the cryptocurrencies of users who put their money in the Robinhood platform.

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