The competitive character is higher these days when it comes to cryptocurrency exchanges. Each exchange comes with its advantages and disadvantages. The most common disadvantage is represented by the transaction fees.
RobinHood is trying to change this situation by having zero fees for Ethereum and Bitcoin transactions.
RobinHood is a trading platform engaged in different niches. According to LiveBitcoinNews.com, the next step for the exchange, will be the dropping of any sorts of fees when it comes to Bitcoin and Ethereum.
Users of RobinHood will be capable of trading certain cryptocurrencies without paying any king of fees, This is pretty unusual in the cryptocurrency world, the exception being Asian exchanges.
It is certain that numerous traders will be enticed by the lack of fees and the diversity of stocks that the company is using will become another point of interest.
RobinHood has many other advantages, for example transfers bigger than $1000 are immediately available.
Moreover, the first altcoins that will be added to the exchange are Bitcoin Cash, Monero, Dash, Ripple and Litecoin. All these virtual coins are appreciated by users all around the world. Currently, this service is available in five different states from US and will be extended soon.