What are the reasons for Robinhood instant being rejected in the cryptocurrency industry?

3 answers

• Dec 19, 2021 · 3 years ago
  One of the main reasons for Robinhood instant being rejected in the cryptocurrency industry is its lack of support for actual cryptocurrency ownership. While Robinhood allows users to trade cryptocurrency, they do not provide users with a private key or the ability to transfer their coins to an external wallet. This goes against the core principles of decentralization and ownership that are fundamental to the cryptocurrency industry.
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• Dec 19, 2021 · 3 years ago
  Another reason for the rejection of Robinhood instant in the cryptocurrency industry is the lack of transparency and control over the trades. Unlike traditional cryptocurrency exchanges, Robinhood operates as a centralized platform, meaning that users do not have direct control over their trades. This lack of control and transparency raises concerns among cryptocurrency enthusiasts who value the principles of decentralization and trustlessness.
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• Dec 19, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can say that Robinhood instant has faced rejection due to its limited offering of cryptocurrencies. While other exchanges offer a wide range of cryptocurrencies for trading, Robinhood only supports a few major coins. This limited selection makes it less attractive for experienced cryptocurrency traders who are looking for a diverse portfolio and opportunities for investment.
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