A lot of people seem to be assuming that the new subscribers to Robin Hood are new users.
Maybe its just a million people who are already involved in the crypto world that are just signing up to another exchange, we are all members of multiple exchanges, right?
Of course I'm going from one extreme to another and of course some of these people will be new but we have no way of knowing.
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Yes good point, but even if they are all existing users from Coinbase, yes that means not much new demand, but it would mean competition for Coinbase in terms of fees. Which ultimately would be a good thing as well, because as competition increases the fees for customers come down. A different positive, but a positive never the less. :)
It is still positive news though, I don't want to put a downer on anyones posts, just something to think about