Robinhood Crypto Expands to Three More States

Robinhood Crypto Expands to Three More States
фото показано с : news.bitcoin.com

2018-10-8 01:05

Crypto trading app Robinhood is now available in more U.S. states. In October, the platform has launched services in Rhode Island, Tennessee and Arkansas. The move brings the total to 24 states whose residents can now make zero-commission trades in several leading cryptocurrencies.

Also read: Increasing Number of Crypto ATMs in Europe Support BCH

App Available in Rhode Island, Tennessee, Arkansas

Robinhood, the popular mobile application that offers free trading of stocks, options, exchange-traded funds (ETFs), and crypto assets, has recently expanded its coverage in the U.S. adding Rhode Island, Tennessee and Arkansas since the beginning of October. The consecutive announcements made on social media came after the company launched in Alaska and Oklahoma last month.

“Hot-springing into Arkansas… rockin’ & rollin’ in Tennessee… anchored in Rhode Island,” Robinhood informed its community in separate Facebook posts. The California-based startup, which launched its crypto trading platform in February, used the opportunity to remind its followers, users, and potential clients that its service comes free of commission.

In early 2018, Robinhood Crypto started trading in just four states. Its geographical reach has since grown to 24 different jurisdictions in the U.S. Besides the five states added recently, the list includes Arizona, California, Colorado, Florida, Georgia, Indiana, Iowa, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, Pennsylvania, Texas, Utah, Virginia, and Wisconsin.

Robinhood Supports Major Cryptocurrencies Including BCH

This year, the fintech firm also expanded the list of supported cryptocurrencies. They were only two in February – bitcoin core (BTC) and ethereum (ETH). Then in July, bitcoin cash (BCH), litecoin (LTC), and dogecoin (DOGE) were added. In August, the platform announced support for ethereum classic (ETC).

Being a zero-commission service, Robinhood, nevertheless has to somehow earn its revenues. It does that by collecting interest on funds that are held in user accounts, selling its customers’ orders to exchanges that need liquidity, and offering subscriptions to Robinhood Gold. The package costs up to $200 a month and allows margin trading.

Because of the nature of some of its operations, like accepting payment for order flow, the platform was accused of taking away from young investors to give to the high-frequency Wall Street traders. According to a media report, it sells some of the orders for more than ten times as much as other brokers. The company defended its practices stating that as a licensed brokerage it must execute customer orders at the best available price across every regional and national stock exchange.

What do you think about Robinhood’s rapid expansion and its services? Tell us in the comments section below.

Images courtesy of Shutterstock, Robinhood.

Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post Robinhood Crypto Expands to Three More States appeared first on Bitcoin News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0066552 (-100%)

states crypto robinhood app expands three increasing

Источник: news.bitcoin.com

states crypto → Результатов: 126


Фото:

Federal Election Committee Asked to Consider Crypto Mining for Political Contributions

OsiaNetwork LLC has reached out to the Federal Election Committee (FEC) in the hopes that it will allow computer sharing for crypto mining for campaign donations. Osia says it would like to be the platform in which volunteers share their computer power to mine cryptocurrencies, which are then donated to political campaigns of their choice.

2018-10-5 23:57


Фото:

How BAT Could Re Vamp Privacy Laws In The United States

Basic Attention Token, the native token to the Brave project and the token designed to fully incentivise the consumption of fair advertising. According to reports, the CEO of Brave, Brendan Eich has written to the US Senate Committee on Commerce, Science and Transportation in order to address some of the concerns he has regarding the current privacy laws in the United States.

2018-10-2 16:00


Three Fraudulent Crypto Companies Sanctioned by North Dakota Government

On Sept. 26th, North Dakota Securities Commissioner Karen Tyler issued cease and desist orders for three companies in her state that may have been offering fraudulent ICOs. The North Dakota Securities Department’s official release states that these orders were issued as part of an ongoing operation called Operation Cryptosweep, a multi-jurisdiction operation involving over 40 securities […] The post Three Fraudulent Crypto Companies Sanctioned by North Dakota Government appeared first on CryptoSlate.

2018-10-2 10:00


Фото:

Coinbase Want To Attract More Than Just Institutional Investment

Coinbase have been accused of only wanting to attract institutional investors, however their latest move is one that has been designed entirely for low level and inexperienced investors. Coinbase Bundle is a new platform that is being launched by the popular US exchange in order to make it easier for new investors to invest in cryptocurrency.

2018-9-28 21:30


French Stock Market Regulator AMF Blacklists Dozens of Cryptocurrency Sites

The regulatory state of crypto hangs continually in the balance. As the currency and asset class continues to grow and develop, countries all over the world are scrambling to create a complex framework with which to regulate and industry that they might not even fully understand. Countries such as the United States and France have […]

2018-9-27 01:57


Circle Tells CNBC That Lack of Awareness In Cryptocurrency Industry Is An Issue

Circle Official States That Lack of Awareness In The Crypto Industry Is An Issue During a recent interview, Carla Carriveau, from the Senior Regulatory Counsel of Circle, has affirmed that the regulators and the heads of blockchain companies have to establish legislative pointers around the field. According to her, which acted as the senior counsel […]

2018-9-27 00:26


Фото:

Europol Urges EU Member States To Prepare For Influx In Bitcoin Crime

The European Union Agency for Law Enforcement Cooperation (Europol) have warned European Union member states of a future influx in Bitcoin and crypto related crime that could plague EU member states, therefore Europol have issued a message requesting each member state employs adequate resources into ensuring investigators and law enforcement teams are able to cope with this potential rise in crypto crime.

2018-9-21 15:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru