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Robinhood exchange scraps plan to be a bank

Robinhood has had an about-turn on its plans to become a bank. Commission-free stock and cryptocurrency trading pioneer withdrew its application with the Office of the Comptroller of the Currency yesterday. Robinhood Pulls Bank Charter Application Valued at a staggering $7.6 billion, Robinhood ushered in a new era shaking up the status quo with commission-free trading in 2013. It had such a massive impact, in fact, that it caused established brokerage firms like Fidelity and

The post Robinhood Crypto Exchange Scraps Plan to Become a Bank appeared first on Bitcoinist.com.

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