Competition is good for users

Excited to see Robinhood and Coinbase continue to innovate and compete

Lots of factors at play but I think they can both be successful and expand the crypto market in the US and beyond

Stay Curious // iixii // Head of Crypto at https://www.lazertechnologies.com/  // Prev: CoinDesk, Roc Nation // based @basedevo

imo Robinhood and Coinbase don’t really compete they are complimentary to one another

They aren’t catering to the same user and when they do that user probably uses both

If a user trades crypto exclusively on a Robinhood then how is Coinbase complimentary to that?

trades crypto but doesn’t own it on robinhood vs buy and actually trade crypto on coinbase?

institutions don’t trade on robinhood haha

Crypto transfers/withdraws are possible on Robinhood in every state besides NY or Texas 

Not sure about other countries where Robinhood operates

one allows you to withdraw your assets and one does not

you are paper trading crypto on robinhood with no real claim on the underlying asset

Trading crypto on coinbase or robinhood is basically the same 

Centralized exchange that custodies the asset 

Obviously institutions aren’t trading on Robinhood, it’s a strictly retail focused platform