That is big I was wondering what the attraction was until I hit the punch line at the end of the post. Agree Coinbase is expensive coming and going. Its just an easy place to start. BTW GDAX is cheaper so far and is essentially a Coinbase exchange. wonder why its different.
Where is Robinhood making its money?
Interest on cash deposits.
Ha! even the banks don't make money there and they have the benefit of 10X fractional reserve and an arbitrage on rates. They still charge fees :)
They have neither the overheads or regulatory obligations of a bank. Which I’m sure helps.