Robinhood Markets on Thursday may have delivered the first shot across the bow in the trading of virtual assets, highlighting that buying and selling assets like bitcoin carries no transaction fees on its venue, pointing to fees that exist at competitors Coinbase Global (COIN) and Gemini and PayPal's(PYPL) Venmo.
Coinbase explains its transaction fee structure here (https://help.coinbase.com/en/coinbase/trading-and-funding/ pricing-and-fees/fees), noting that it also varies by region.
Robinhood makes the case that the fees aren't insignificant in its promotion of its services, saying that "if you invested $100, you'll pay around $3 in fees on other platforms, and could lose out on unrealized gains"
RH made good points....but they still the opps!
They are not to be trusted