RATE Group | Bitcoin: No-Fee Cryptocurrency Trading App Takes on Robinhood
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Bitcoin: No-Fee Cryptocurrency Trading App Takes on Robinhood

25 Jul Bitcoin: No-Fee Cryptocurrency Trading App Takes on Robinhood

Posted at 12:35h in Cryptocurrency News by

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More competition is coming to the commission-free cryptocurrency trading market. Voyager, a startup backed by an Uber co-founder as well as an early investor in the ride-hailing company, revealed plans Wednesday to offer no-fee trades of at least 15 different cryptocurrencies, including Bitcoin, Ethereum and others.

The company will function as a sort of aggregation engine for cryptocurrency prices across more than a dozen trading venues, allowing customers to buy and sell Bitcoin and other digital assets at the best value available among them. By waiving commission fees—the bread and butter of most cryptocurrency trading businesses—Voyager expects to compete with Robinhood, the stock trading app that also currently provides zero-free trading of five cryptocurrencies.

“We saw an opportunity to build a dynamic smart order router that can take advantage of the marketplace and also offer customers no commissions,” Voyager CEO…

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