Florida alleges that Robinhood Crypto’s fee disclosures are inaccurate
By 
Aaron Nicodemus2025-07-11T19:43:00
The state of Florida is investigating Robinhood Crypto for falsely claiming it charges the lowest fees for processing crypto transactions.
Florida Attorney General James Uthmeier announced the investigation Thursday, issuing a subpoena seeking internal documents in order to determine whether Robinhood Crypto’s “business practices are taking advantage of Florida investors.”
Robinhood generates revenue not on fees but through payment for order flow, a process in which the company routes customers’ trades to third-party firms.
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