Apps like robinhood encourage and even gamify frequent trading at the expense of naive investors and because that's where brokers make money. Coinbase and their ilk do the same in the crypto market. Frequently trading stocks, and doing anything in crypto is just as much gambling as betting on a sports game, appeals to the same demographic, and is just as destructive.
Yes, stock picking and penny stock scams have been around forever, but it has never been so easy.
Coinbase exposes an api that lets you do some pretty interesting and powerful strategies. Let's see a bank do that. No, seriously, I'd sign up tomorrow for a bank like that.
Yes, stock picking and penny stock scams have been around forever, but it has never been so easy.