Jay-Z’s Company Arrive Is Making Money Moves.
Arrive, announced in early February 2018 that it is investing in the App trading platform Robinhood. Robinhood offers commission-free trading of U.S. stocks, ETFs/options. They also announced it would soon be offering free cryptocurrency trading as well. The trading platform allows users to invest in popular cryptocurrencies like Bitcoin and Etherium.
Robinhood, Champion of Equitable Financial Access
“We believe in Baiju and Vlad’s mission to make the financial markets more accessible and cost-efficient for customers of all sizes,” Arrive President Neil Sirni said. “Robinhood will have our support as they execute the long-term vision of their company.”
Over 80 percent of users are millennials and it is currently the fastest-growing brokerage. And guess what else?? Jay-Z is not the first artist in his field to back Robinhood — the company also has rappers Snoop Dog and Nas. They invested in the fall of 2014.
Arrive President Neil Sirni said that their goal was to make trading easy for anyone through a mobile app and to eliminate the $7 to $10 trade fees charged by most brokerages. This is one to definitely to download if you haven’t already. DOWNLOAD NOW.