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](https://cheddar.com/videos/what-robinhoods-crypto-trading-means-for-coinbase).
