When it comes to bitcoin trading (HOOD), you may not immediately think of Robinhood Markets Inc. This mobile app is well-known for offering commission-free stock trading - and for banning users from selling GameStop Corp. (GME) and other "meme stocks" earlier in 2021 - and is a stock-first application. In 2018, Robinhood began offering cryptocurrency trading. Since then, the company has expanded its crypto offerings. Investors looking for exposure to the most popular cryptocurrencies may find this cryptocurrency exchange a viable option.

Robinhood Crypto is a cryptocurrency trading platform offered by Robinhood. It allows users to buy, sell, and hold various cryptocurrencies directly through the Robinhood app without paying traditional trading commissions. The platform is designed for simplicity, making it accessible for beginners by offering an intuitive interface and seamless integration with stock trading accounts. Users can trade popular cryptocurrencies like Bitcoin, Ethereum, and Dogecoin, while also tracking market trends and portfolio performance. Robinhood Crypto emphasises ease of use and instant execution, but it has limited advanced trading features compared to dedicated crypto exchanges. It also does not provide private wallet control for all cryptocurrencies, meaning some assets remain within the platform’s custody. It’s ideal for casual traders and those new to crypto investing.