Does Robinhood Crypto Present a Threat to Coinbase?
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).
Big tech earnings take center stage as investors digest results from Alphabet, Meta, Microsoft, Amazon, and Apple, with insights from Gil Luria of D.A. Davidson
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
