The US-based zero fee trading company Robinhood, announced its plans to open new offices in London as a part of the UK expansion plan and in the latest blockchain news we found out more about it.
Robinhood was launched back in 2013 and now it’s worth at $5.6 billion. The company has been working for a long time to launch its first London office with recruitment activities covering the hiring department, public relations, marketing, and customer support.
Robinhood’s expansion strategy into the UK makes the company a direct competitor with other similar startups that are already enjoying the support of the British traders. For example, the London-based Freetrade also offers ‘’fee-free’’ trades.
Another startup that is a competitor of Robinhood is Revoult, also a London-based startup that plans to offer Robinhood a free of commission trading for its customers via its banking app. Both of these companies have a long history together.
Just last month, Robinhood launched a savings account for its American customers with a fee-free option that pays them 3 percent interest for every deposit made into the account. The company pointed out:
“Currently, traditional checking and savings accounts cost more for people who make less, are riddled with unfair and hidden fees, and earn you minimal returns on your savings. We believe you should earn more on your money, and shouldn’t be charged fees to access it.”
All of the accounts will come with a personalized debit card and can be used on more than 70,000 ATMs around the US.
Russia Is Not Planning To Buy $10 Billion In Bitcoin
“This statement has no common sense. The Russian Federation — like any other country in the world — is simply not ready to combine its traditional financial system with cryptocurrencies.”Sidorenko reacted to the fake news reports from Telegraph where it was noted that Russia wants to invest $10 billion in bitcoin in order to mitigate the economic impact that is brought up from the US sanctions. The rumors emerged on Twitter where a particular user wrote that Kremlin has no choice but to invest in bitcoin and that it is the only way to avoid the harsh sanctions by President Trump. Ginko posted on Twitter and his post went viral after Telegraph wrote a story about it and lots of other websites just added their own touch to it. Ginko is known to the public for making such shocking tweets and comments after once saying that sham investment adviser Bernie Madoff is the real Satoshi Nakamoto. However, Sidorenko said that Ginko’s comments are absurd:
“Even if Russia wants to place its cryptocurrency assets now, it simply cannot do this. We do not have any mechanisms that would allow us to introduce a system: where these assets would be stored, which authorities would be responsible for it, which would be responsible for abuses and stuff.”However, according to Tota Kaliaskarova, the director of macroeconomic policy with the Eurasian Economic Union says that crypto could have a huge impact on the Eurasian economy.
Huobi Re-Launched As Fully Licensed Platform In Japan
$1 Billion In Transactions Reported For 2018 By BitPay
WordPress Is Launching A Publishing Platform With Blockchain Features
Join us on Facebook
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Ethereum News3 days ago
Coinbase And Kraken Officially Supporting ETH’s Constantinople Hard Fork
Ethereum News5 days ago
$100,000 Reportedly Returned From Ethereum Classic 51% Attacker
Altcoin News5 days ago
Bitcoin Drops Below $3,600 As $5 Billion Get Wiped Out Of The Crypto Market
Altcoin News4 days ago
Major Swiss Bank Launches A Crypto Custody Solution Targeting Banks & Asset Managers
Bitcoin Scams3 days ago
New Torrent Malware Posing As Movie File Can Replace BTC & ETH Addresses: Researcher
Bitcoin News4 days ago
American Businessman Still Missing After $950,000 In BTC Ransom Paid
Blockchain News4 days ago
The Revenue Agency Of Bulgaria Will Investigate Crypto-Selling Companies
Blockchain News5 days ago
Leading Mining Hardware Producer Bitmain Suspends Operations In Texas