Can Robinhood Become the Largest Crypto Exchange by Only Charging Zero Commission Fees?

Most exchanges generate their revenues through commissions that reach up to 4%. To compete with giants like Coinbase, Binance, and FTX new exchanges need to offer unique services and products. When Robinhood added SHIB stock traders got interested in digital currencies that “produce nothing” as Warren Buffet believes.

The current economic situation has coupled cryptos and stocks. This predicts a five to ten years moving cycle in the overall crypto market. As masses have jumped on the crypto bandwagon during lockdown stock exchange platforms have started adding big coins to keep their customers staying.

If Robinhood keeps adding new cryptos like always does the biggest market share will eventually belong to it. Keeping the current zero commission fees on trading cryptos will most likely guarantee Robinhood as mentioned above in its recent tweet.