Robinhood, a Menlo Park, California-based financial services firm that offers commission-free trading for stocks, ETFs (exchange-traded funds), options, and cryptocurrencies – all this in a single, user-friendly platform, as per recent reports this week, has announced the launch of its crypto trading platform in New York, enabling New Yorkers to invest in cryptocurrencies on the Robinhood Crypto, commission-free.
Currently, the Robinhood Crypto accepts investments in seven cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), and Dogecoin (XDG). Furthermore, the commission-free trading platform also supports price movement tracking along with the related news for these seven cryptocurrencies along with 10 additional cryptocurrencies.
With New York, being the latest addition, Robinhood Crypto is now available in 39 states – Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Idaho, Indiana, Illinois, Iowa, Kansas, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Washington D.C., Wisconsin, and Wyoming.
Earlier, this year, in Jan. 2019, Robinhood Crypto received a virtual currency license – BitLicense, and a money transmitter license in New York.