Can Robinhood Effectively Compete Against the Top-Rate Crypto Trading Apps?

Colleagues, Coinbase, Bitworth, CryptoTrax, Zapo, Delta (aka “CoinDash”), Enjin, BTC.com and Investing.com-Cryptocurrency are among the most popular mobile apps available on both iOS and Android. These apps are commonly used by “millennial” crypto traders rather than institutional crypto investors. These apps are commonly viewed as “most popular” based upon 1) The number of cryptocurrencies they are equipped to trade, and 2) The market cap of the crypto assets they can trade (see CoinMarket Cap). Enter Robinhood. With much marketing fanfare the Robinhood app was designed with millennials in mind and began offering Bitcoin and Ethereum (the crypto assets with the largest market caps) earlier this year. Last week Robinhood announced that it would now trade Bitcoin Cash and Litecoin. Bottom line two-fold question: 1) Can Robinhood – despite the number of crypto assets it can trade compete against the more established apps, and 2) Just how many mobile trading apps does the global crypto sphere really need? The Cryptocurrency Academy predicts a pending shakeout and consolidation of crypto trading apps over the coming 24-36 months. Share a comment visit us today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)