Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies
Something about Robinhood just makes me uneasy - clearly their main target market is the small retail investor who is sensitive to a $7/trade fee, but the low friction, mobile-first no fee stock trading experience they've created mostly serves to encourage bad investor behavior i.e. emotional, irrational day trading among people who can least afford it.<p>Now they are "democratizing" margin trading (Robinhood Gold), options trading, and crypto...no professional investor who actually knows what he/she is doing is going to be served well by a mobile trading app - this is a play for the mostly uneducated retail investor (and small minority of knowledgable  retail traders) who has no idea what they're getting into when they buy a call option in X or trade btc on margin.<p>I remember seeing on their social a now deleted tweet that read "Trade fast, die young." Ugh.