Robinhood charges up to 2% spread on default bitcoin trades
- —The BTC spread on Robinhood reached 1.87%: bid $75,361.72 versus ask $76,787.76
- —Robinhood earns $0.95 for every $100 of volume routed to the market maker
- —The alternative Smart Exchange Routing route charges 0–0.95% depending on volume
- —A round-trip BTC buy-sell costs about 2% before accounting for market moves
Why it matters: Hidden costs of up to 2% noticeably reduce active traders' returns and raise questions about price transparency on major retail platforms.
Source: BeInCrypto FR