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).
Jeff Thomas, Senior Vice President & Head of West Coast Listing for the NASDAQ, talks about the year in IPOs and the industries seeing the most activity within the tech sector.
VR/AR collaboration platform Spatial is diving head first into the Metaverse. The company is switching up its image--now branding itself as 'the metaverse for cultural events,' aiming to become the new virtual hub for NFT galleries, brand experiences, and large-scale conferences. Jacob Loewenstein, Head of Business, Spatial, joined Cheddar's Opening Bell to discuss the company's pivot.
With the rise of meme stocks, investing platforms like Public.com saw a surge in usership as retail investors flocked to the stock market. Ahead of the new year, Public.com is pushing beyond the memes, to better understand the motivations and behaviors of the retail trader.
Its recent 'The Outsiders' report takes a deeper look at who these retail investors are, what drives their trades, and what their portfolio says about them. Stephen Sikes, COO, Public.com joined Cheddar News to discuss.
Jason Moser, Senior Analyst & Lead Advisor at The Motley Fool, discusses how the meme saga has impacted the stock market and what the future holds for companies embracing retail investors.
The past year has been huge for delivery services as people largely stayed home during the pandemic. Getir, an Istanbul-based company delivering goods in just 10 minutes, is officially launching in NYC. It comes as the company continues its international expansion. Nazim Salur, Founder, Getir, joined Cheddar's Opening Bell to discuss the opportunities in the new market.
e.l.f Beauty is celebrating a significant milestone in its sustainable journey. Since launching its Project Unicorn initiative in 2019, the company has eliminated more than one million pounds of packaging materials. Ashley Rosebrook, e.l.f. Beauty's chief creative officer, who spearheaded this effort and has continued to work to reduce the brand's carbon footprint, joined Cheddar to discuss this initiative and what the company aims to do next.
The great meme stock frenzy of 2021 turned ordinary retail investors into big winners overnight. One of those traders, Jon Murray, is a graphic design artist who made $15,000 off his original investments in GameStop and AMC. He joined Cheddar to talk about how he first got started in investing and why he decided to put money into meme stocks.
The Omicron variant is raising concerns about how safe it is to travel, just as millions of Americans were getting ready to jet set away for the holidays. Scientists are still trying to understand how much protection vaccines offer against the new variant, and many questions remain unanswered. Sara Nelson, President of the Association of Flight Attendants, gives tips on how to travel safely and comments on the aviation industry's ongoing recovery from the pandemic.
Another successful spaceflight is in the books for Jeff Bezos' Blue Origin. The company's third human spaceflight blasted off from Van Horn, TX. on Saturday, lasting about ten minutes from takeoff to landing. The crew, which included former NFL star and current GMA host Michael Strahan, traveled to the edge of space and experienced a few minutes of weightlessness before the capsule descended back to earth. Andrew Chanin, CEO of ProcureAM, joined Cheddar's Opening Bell to discuss the significance of the launch.
