One of the largest takes in The current crypto space, especially with the most popular Bitcoin at the helm charges that are an integral part of the negotiation. Robinhood, however, took the whole issue of scaling up and overturned it simply by offering zero-fees.

This is a daring action of the mobile commerce application, and one that immediately challenges the hegemony of the great exchanges that currently govern the crypto space, such as Coinbase.

Coinbase and other major exchanges are not totally decentralized, and they use their power to hold a monopoly on space. So when a company like Robinhood arrives, using equally centralized methods, but methods that take that power away from those at the top, it may be a revolutionary idea.

Zero fees are certainly tempting

Currently, Coinbase users face fees ranging from 0.1% to 4% per transaction. First of all, this is not something that Bitcoin promised at the time of its creation, it was never supposed to be expensive to use. However, because this has become the case when the network has collapsed, there must be a solution to attract those who do not want to pay.

Robinhood went straight to this problem and made it pay without charge. will essentially be a "leader of the loss", which means that they will not make money from this feature. Robinhood is more interested in growing their crypto community base, and by increasing their base, they will also take users away from those who take advantage of the fees.

He certainly worked to get the hype for cryptocurrencies As it was reported that a few days after the announcement, their waiting list had ballooned to over a million people who have registered for early access. If all these people on the list become customers, this will add more than 30 percent to the company's overall user base of more than three million.

Taking Rich Currency

Even though the crypto space is supposed to be totally decentralized and the free market, the way the main exchanges work can only be described as totally decentralized . Users essentially trade with the exchange because they keep a liquid stock of crypto coins in order to make the payments, by collecting their fees. It looks a lot like a central bank in many ways.

Because of this centralized nature, stock exchanges can set fees and other regulations, which again looks like a bank. And, with this control, and this hegemony on the stock exchanges as Coinbase have a complete monopoly. However, Robinhood, while acting as a centralized exchange, offers something that other exchanges can not and as such, promises to break their control and hegemony.

Not Solving the Problem Blockchain

It is only in the future that we might or might not witness the success of Robinhood and the way the users over the profits will affect the main markets and their position. By breaking down one of Blockchain's fundamental problems and assuming the fees themselves, Robinhood declares a noble mission. However, they do not solve the real issue of scaling up.

Yet with a crowd of investors who have no technical know-how of the cryptographic economy, they are told that they do not have to pay extra. good like that.