Florida AG Turns Up Heat: Robinhood Faces Crypto Pricing Probe Amid Investor Backlash
Robinhood's 'free trading' model faces fresh scrutiny as Florida launches an investigation into alleged crypto pricing discrepancies. The retail trading giant—once hailed as a democratizing force—now battles regulators while users question if they're getting played.
Behind the slick interface: Sources suggest the AG's office is digging into spread markups on Bitcoin and altcoins. No numbers disclosed yet, but whispers of 'basis point gymnastics' hint at serious structural concerns.
This ain't Robinhood's first rodeo. Remember the GameStop fiasco? Now add crypto volatility to the mix—where price differences matter even more during flash crashes and liquidations.
Closing thought: When a platform makes money on 'payment for order flow' in stocks and spread margins in crypto, maybe the real trade was never really free. Just ask the SEC—or the bagholders.
