Hey there, crypto enthusiasts! If you’ve been scrolling through X lately, you might have stumbled upon a hot take from @Evan_ss6 about Robinhood’s latest move into the world of perpetual futures (or "perps" for short). Posted on June 30, 2025, at 15:20 UTC, the tweet calls out Robinhood’s fee structure—specifically a flat 10 basis points (bps) for trades with $5 million+ monthly volume—as a “nonstarter” for serious traders. Let’s dive into what this means, why it’s sparking debate, and how competitors like Hyperliquid are stealing the spotlight.

What’s the Buzz About Robinhood’s 10bps Fee?

For those new to the game, a basis point is just 0.01%—so 10bps equals 0.1%. Robinhood’s offering this as the lowest possible fee rate for high-volume traders, with no distinction between makers (those adding liquidity) and takers (those taking it). Sounds decent at first glance, right? But @Evan_ss6 argues it’s not cutting it for the pros. Why? Because serious traders often rely on razor-thin margins, and a flat fee like this could eat into profits, especially when compared to more tiered, competitive structures.

The tweet suggests Robinhood might be doing this on purpose, targeting casual users rather than the sophisticated crowd. This makes sense when you think about Robinhood’s history—think of it as the app that made stock trading feel like a game with its sleek interface and zero-commission trades. Now, with perps entering the mix, they might be aiming to attract the “vibes and volume” crowd rather than the precision-focused traders.

Hyperliquid Enters the Chat

The thread doesn’t stop at criticism—@Evan_ss6 name-drops Hyperliquid, a platform that’s been gaining traction in the crypto trading world. Hyperliquid offers a tiered fee structure, as highlighted by @Joe_XBT in a related post, with rates dropping as low as 0.007% for high-volume makers in the Platinum tier. That’s a stark contrast to Robinhood’s 0.1% flat rate! Plus, Hyperliquid distinguishes between maker and taker fees, which can save big players even more.

This comparison has folks on X buzzing. Users like @RutTrades and @fomowiz chime in, suggesting Robinhood needs to step up if it wants to attract serious traders. The consensus? Hyperliquid’s model feels tailor-made for those who live and breathe crypto markets, while Robinhood’s approach might be stuck in its retail-friendly roots.

What Are Perpetual Futures, Anyway?

If you’re scratching your head about “perps,” don’t worry—we’ve got you covered! Perpetual futures are a type of crypto derivative that lets you bet on price movements without owning the actual asset (like Bitcoin or Ethereum). Unlike traditional futures, they don’t expire, thanks to a funding rate that keeps their price aligned with the spot market. It’s a favorite among traders for speculation and hedging, but those low fees can make or break the experience.

The Meme Token Angle

At Meme Insider, we’re all about the quirky side of crypto, and meme tokens often ride the waves of trading platforms like these. Imagine a hyped-up meme coin like Dogecoin getting a boost from Robinhood’s new perps market—casual traders might jump in, but the 10bps fee could deter the whales who move these markets. Meanwhile, Hyperliquid’s lower fees might attract meme token enthusiasts looking to trade with precision, especially as these tokens often see wild volatility.

What’s Next for Robinhood?

The X thread hints that Robinhood might tweak its fees if it wants to “move upmarket,” as @Evan_ss6 puts it. With competitors like Hyperliquid setting the bar high, the pressure’s on. Will Robinhood adapt, or will it double down on its retail focus? Only time will tell, but the crypto community is watching closely.

Join the Conversation

What do you think about Robinhood’s 10bps fee? Are you team Hyperliquid, or do you see potential in Robinhood’s approach? Drop your thoughts in the comments below or hit us up on X! And if you’re into meme tokens or blockchain tech, stick with Meme Insider for the latest scoops and insights to level up your game.