Robinhood's Bitcoin Trading Spread Sparks Trader Worries

Trading Bitcoin on Robinhood has been brought to attention due to concerns over the platform's 2% spread, which some traders believe is too high. This issue may be causing concern for users of the popular trading app.

The spread refers to the difference between the price at which a user buys and sells a cryptocurrency like Bitcoin. The higher the spread, the more fees are charged to the trader, reducing their overall profit margin.

Robinhood has been criticized by traders who believe that a 2% spread is excessive, especially considering the platform's popularity among retail investors.