There are a few reasons why prices may be different on Coinbase and Robinhood. One reason is that Coinbase is a broker-dealer regulated by FINRA, while Robinhood is a registered investment advisor. This means that Coinbase must meet certain requirements in order to remain compliant, while Robinhood does not have the same restrictions. As a result, Coinbase may charge higher fees than Robinhood. Additionally, Coinbase may offer different features than Robinhood, which could lead to different prices.
For example, Coinbase offers a host of services beyond just buying and selling cryptocurrencies, while Robinhood only offers trading. Finally, it’s important to remember that the cryptocurrency market is still fairly new and constantly changing. This means that prices can vary significantly from one exchange to another. So, if you’re looking for the best price on a particular coin, it’s always best to check multiple exchanges.