CryptoWatch: Is Robinhood going to challenge Coinbase and rival platforms for dominance in bitcoin and Ethereum trading?

An earlier version of this article incorrectly stated that Ripple’s XRP tokens were a part of the Coincheck theft. That error has been corrected.

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Can Robinhood steal market share from Coinbase?

New-age brokerage platform Robinhood is jumping into the cryptocurrency craze, declaring that it will allow trading in bitcoin and Ethereum’s currency starting in February, with more virtual currencies expected to be added shortly afterward.

The decision by the commission-free mobile stock-trading app, which was kicked off in 2015 and boasts it has attracted millions of users, puts the upstart in position to go toe-to-toe with the likes of exchange traded digital-asset exchanges including Coinbase, Bitfinex and others for market share in the rapidly growing crypto market.

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