The company announced on Twitter (NYSE:TWTR) that crypto traders “can now send and receive all listed crypto assets on Robinhood.
Robinhood Crypto is the cryptocurrency-focused subsidiary of the parent company Robinhood Financial (RHF), a registered broker/dealer that supports equities and options trading. The financial service company began dipping its toes into the industry in 2018, appealing to a commission-free trading model. Even so, the video featured in their tweet stated the company wouldn’t charge fees for crypto transfers out of its platform.
Crypto transfers are here. You can now send and receive all listed crypto assets on Robinhood: https://t.co/B41xoSGcQA pic.twitter.com/Tw18oIgSGX
— Robinhood (@RobinhoodApp) July 7, 2022
Generally, cryptocurrency exchanges are racing to provide traders with the lowest commission rate possible to encourage more platform activity amid the market crash. On Friday, July 8, Binance extended its zero-fee offering on all BTC trading pairs to all customers, although they restricted it to US traders last month.