In this episode, I dive into Robinhood and explain how they make money from you. I kick things off by giving you a brief overview of Robinhood. Next, I explain what the payment for order flow is and why hedge funds pay for it. Then I go over the regulations placed on payment for order flows and tell you how they impact trading on Robinhood. I wrap things up by explaining why I think DeFi is a better alternative to Robinhood and similar apps.
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Disclaimer: The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal or tax advice. The content of this podcast is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
