In just three years, Robinhood Financial LLC has exploded. It gained traction as a free stock trading smartphone application (app). At the start of this year, they announced incorporation of bitcoin and ether trading, using free trades as a loss leader to gain customers. The model seems to be working, as the Wall Street Journal is reporting the startup will soon be valued over 5 billion USD.
Also read: Québec Premier: We’re Not Really Interested in Bitcoin Mining