Simply Wall St. · 1d ago +0.87
Robinhood Faces Cheaper Crypto Rival As Retail Venture Fund Expands Access
Morgan Stanley’s E*Trade has launched direct crypto trading with lower transaction fees, challenging Robinhood’s crypto business. Robinhood Markets (NasdaqGS:HOOD) has introduced a retail-focused venture fund that allows non-accredited investors to access private tech companies, including OpenAI and Stripe. Robinhood built its brand on commission free trading for stocks, options, and crypto, and crypto trading has been a key part of its story with retail investors. The move by Morgan...