Robinhood faces scrutiny over 2% Bitcoin spread on agentic trades

Traders are raising concerns over a 2% spread on Bitcoin trades executed through Robinhood's default market maker routing. Delphi Digital co-founder Tommy Shaughnessy highlighted that the cost is embedded in the price, leading to significant slippage. Robinhood's crypto head, Johann Kerbrat, clarified that users can opt for Smart Exchange Routing to access lower fees, which range from 0% to 0.95% based on trading volume.