Robinhood Reinvents Banking. 3.2 Million Customers are Already Paying Subscription Fees!

Robinhood Markets is achieving something that other banks can only dream of. The neobroker has enhanced its brokerage account with a subscription model. The subscription growth is impressive. 3.19 million subscribers have already signed up for "Robinhood Gold." This represents an increase of 89% year-over-year. Gold subscribers, for instance, enjoy lower order fees and receive a 4% interest rate (depending on the base rate) on their cash holdings. What is different from traditional account fees? I have come to the conclusion that the subscription...