Cryptocurrency News

Robinhood start up: exploration is the key.

12th July-Crypto currency would not have come this far had it not been for the different experiments that the start ups and the exchanges keep on carrying out. Because of the fact that crypto currency is still in its earlier phases, there is a flexibility to it that allows for exploration of different kinds to take place. So many changes are taking place globally regarding the function and the influence of the crypto currency and it is only because of the willingness of different people to explore beyond the conventional horizons that are set.
One more enterprise to take its first steps, to explore the possibilities of crypto currency is this start up of Fintech called, Robinhood. Robinhood has commenced the trading of two more tokens on its platform; these tokens are of Bitcoin and Litecoin.

However, even though Robinhood is making an attempt to make things more convenient for its users, there are a few glitches. The primary glitch in its ambitions is the limitation of availability this platform. That is to say, this platform is available only in the United States of America and that too, merely in a limited number of states.

It is necessary to understand that this start up does not play the role that would be assigned to an exchange. In the register of the field, it plays the role of a “broker”. It has been speculated that this platform is collaborating with coinbase. This is the second set up of a pre existing company and therefore, it is believed that it would not follow the same norms as those followed by its parent company. Moreover, even though it is mentioned that no fee is accrued, it can be believed that some fee will be charged due to the manner in which the transaction is taking place.

Even though, there is simplicity with the manner of operations which are to be carried out using this platform, it has the above mentioned limitations. However, it is still something which should be experienced by a number of people interested in trading. This platform has its own unique experience to render to its number of users, moreover, there is an ease of operation, a smoothness which can become its defining characteristic.

This platform has just been launched, it will soon be figured out how good it can fare in the market and how much of a competition it can give to a plethora of formidable exchanges.

Dorothy Willson
Dorothy Willson is a full time contributor to CryptoWhile. He holds major in journalism and social communication. He is closely engaged in curating and writing about cryptocurrencies and blockchain technology. He firmly believes that blockchain will transform our future financial market.

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