The Robinhood Crypto General Manager, Johann Kerbrat, recently mentioned the company’s continuing crypto works as there has been a shift in their crypto environment. Kerbrat stated that Robinhood is ultimately the “Robinhood Crypto in the US,” making it the best place to trade cryptocurrencies for the lowest cost and utmost convenience.
In a recent podcast with Thinking Crypto, Kerbrat shared that Robinhood users could receive an average of 3.6% more cryptocurrency than on other platforms. He added that about 15 crypto assets are available on Robinhood, and eligible users can easily buy, sell, hold, and transfer these assets.
Also Read: California Attorney General Reaches $3.9 Million Settlement with Robinhood Crypto
Bitstamp Acquisition to Boost Institutional Services
Robinhood has returned to the crypto industry’s focus after it bought Bitstamp, the world’s oldest crypto exchange. This takeover was also aimed at enabling Robinhood to establish a derivatives market, particularly for institutional investors. Vladimir Tenev, CEO of Robinhood, noted that this new move allowed the company to add more value to the institutional clients through the availability of equity market round the clock and highly competitive margin rates.
Advertisement
He also pointed out that this would improve customers’ experience, adding that the move would expand utilities to Robinhood. The Bitstamp acquisition is evidence of Robinhood’s ambition of making cool, effective, and efficient services and penetrating deeper into the cryptocurrency space.
Kerbrat pointed out that Robinhood has spent several years creating practical tools for trading in cryptocurrencies. In addition to DCA strategies, the platform includes professional tools, charts, and flexible pricing to satisfy the users’ requirements.
Robinhood’s efforts to enhance its platform reflect its broader ambition to solidify its position in the crypto space, ensuring both retail and institutional investors have access to advanced trading features and a seamless experience.
Also Read: Coinbase and Robinhood Set for Fierce Battle in Crypto Market, DeFi Researcher Predicts
Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.