Robinhood Crypto is now in New York
Fri, 24 May 2019, 08:44 am UTC
Financial services company Robinhood has officially launched its crypto-trading app in New York.
“Start spreading the news, Robinhood Crypto is officially in New York now. Trade Bitcoin, Ethereum, and other crypto in New York state,” the company posted on its official Twitter account.
In its press release, the Silicon Valley-based firm said it has received a BitLicense and money transmitter license to operate in the Empire State. Robinhood Crypto now supports commission-free trading for seven cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV, Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), and Dogecoin (DOGE).
“As we introduce new financial products, we’re committed to partnering with regulators to ensure compliance with industry requirements,” the company, which received its virtual currency license last January, wrote on a blog post.
In addition, Robinhood users can also track price changes and updates for those cryptocurrencies and 10 additional coins. New York is the latest addition to Robinhood’s growing list of U.S. states, which include Illinois, New Jersey, Texas, and Washington D.C.
“We’re excited to bring commission-free cryptocurrency trading to New York and look forward to coming to more states soon,” the company wrote on its blog post.
As for the crypto news updates, Robinhood has previously acquired media company MarketSnacks last March. The top-rated daily financial news podcast and newsletter has been re-launched as Robinhood Snacks. The company said the move was a major step towards providing its customers with better resources and helping them become more informed on market news.
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