There are a few reasons why the Robinhood Crypto price is different than Coinbase. First, Coinbase is a regulated exchange while Robinhood is not. This means that Coinbase must comply with certain rules and regulations that Robinhood does not have to. Second, Coinbase uses what is called a “maker-taker” model when it comes to pricing.
This means that the prices you see on Coinbase are the prices that traders are willing to pay (the “makers”) or the prices that traders are willing to accept (the “takers”). Robinhood, on the other hand, uses a “flat-fee” model, which means that they charge a single fee for all trades, regardless of whether you’re a maker or a taker. Finally, Coinbase requires that you complete KYC (know your customer) verification before you can trade, while Robinhood does not.
All of these factors contribute to the fact that the prices you see on Robinhood are usually different than the prices you see on Coinbase.