[mrbombastic]

I was a fan of Robinhood's mission of democratizing finance and prioritizing UX for casual traders. They seem to jump on every hype train though, crypto, prediction markets, now agentic trading, whether it is ethical or not or good for their customers or not, and it seems like the distance between "democratizing finance" and "finding new suckers" is closing. Disappointing but not surprising.

[newfriend]

I want to trade whatever I want. Why would I want them to place limits on my choices? I don't need them to be my parent.

[pants2]

Robinhood's crypto offering is extremely deceptive. They offer "commission-free cryptocurrency trading" but don't make it clear that you pay a 0.95% fee[1] on every trade (technically a 'spread' and not a 'commission' but there is hardly a difference). They also take 25% of staking rewards. These are absurdly high fees.

1. https://cdn.robinhood.com/assets/robinhood/legal/rhc-fee-sch...