Regulated US retail broker platform
Robinhood is a publicly-traded, U.S.-based, and SEC-regulated broker-dealer offering commission-free crypto and stock trading. It offers a relatively low number of assets for trading compared to most dedicated crypto exchanges.
The firm has more than two million clients on a waiting list to get a wallet that sends crypto to external addresses. The low cost of entry and simple offering makes it suitable for beginners. Crypto assets under custody are very high at $22 billion.
Due to a very poor rating on various platforms such as Trustpilot, we added Robin Hood to our “Orange Compliance” list.