Does Robinhood Crypto Present a Threat to Coinbase? on Cheddar

February 24, 2018
207 Views


February 23, 2018

Robinhood may be super popular with millennial traders, but it won’t overthrow Coinbase in the crypto world.

That’s according to Adam Draper, founder and managing director at start-up accelerator Boost VC. Also a Coinbase investor, he says he doesn’t view the companies as competing platforms.

“If you think long-term, they’re both looking at [trading digital coins] from completely different sides,” he told Cheddar. “Robinhood is coming at it from an asset management side, where Coinbase is coming at it from a crypto platform side.”

Robinhood Crypto went live in five states Thursday, offering zero-fee trading and promising a roll out more broadly in the coming months.

While some argue the no-commission strategy could take share away from Coinbase, Draper says the platform has a different target audience.

“With Coinbase Custody, they’re rolling out to institutional investors,” he said. “Robinhood is much more focused on the consumer, millennial generation.”

For the full interview, click here.





Source link

You may be interested

Litecoin Outperforms Top Crypto Assets Again, What Could Breakout of Crucial $50 Level Lead to? – newsBTC
Litecoin News
10 views
Litecoin News
10 views

Litecoin Outperforms Top Crypto Assets Again, What Could Breakout of Crucial $50 Level Lead to? – newsBTC

Editor - February 21, 2019

[ad_1] Litecoin Outperforms Top Crypto Assets Again, What Could Breakout of Crucial $50 Level Lead to?  newsBTCLitecoin has become the darling…

Zuckerberg potentially interested in putting Facebook login on a blockchain – The Block Crypto
Blockchain News
12 views
Blockchain News
12 views

Zuckerberg potentially interested in putting Facebook login on a blockchain – The Block Crypto

Editor - February 21, 2019

[ad_1] Zuckerberg potentially interested in putting Facebook login on a blockchain  The Block CryptoIn a video interview with Harvard Law Professor…

Coinbase-backed start up partners with OTCXN to tokenize securities
Coinbase News
23 views
Coinbase News
23 views

Coinbase-backed start up partners with OTCXN to tokenize securities

Editor - February 21, 2019

[ad_1] Securities being tokenized on the Blockchain A Coinbase-backed startup, Securitize has partnered with OTCXN in order to start streamlining…

Leave a Comment

Your email address will not be published.