December 5, 2019 Leading cryptocurrency lender BlockFi to offer no-fee trading.

Instead of charging users trading fees like most exchanges, BlockFi will monetize their trading service by selling data on user’s trades to institutional crypto firms providing liquidity; this ‘payment for order flow’ model bears resemblance to that of discount stock brokerages such as Robinhood. BlockFi also aims to open fiat-crypto trading with a money services business registration later this year.