, , , , , , , , ,

Investing App Robinhood Launches Crypto Trading in 5 US States

“Together, we reached four thousand consumers and over $100 billion in trade volume on the brokerage platform, resulting in over $1 billion in commissions saved in equity transactions. With the launch of Robinhood Crypto, we are continuing our mission of creating the monetary system work for everybody, not only the wealthy.”

Stock index image via Shutterstock

The business says that residents of California, Massachusetts, Missouri, Montana and New Hampshire can can currently purchase or sell bitcoin and ether utilizing the newest Robinhood Crypto platform. The support will also allow investors to track 14 cryptocurrencies, such as dogecoin, litecoin, XRP, ethereum timeless, zcash, monero, bitcoin gold and bitcoin money.

The Push stage is now available to a restricted amount of individuals, according to the announcement.

According to its site, the organization makes both traditional and cryptocurrency trading more accessible by providing “zero commission trading” for its clients.

Released at Thu, 22 Feb 2018 15:00:19 +0000
Along with Robinhood Crypto, the business announced the launch of Robinhood Feed, a social media-type platform which enables investors to discuss cryptocurrencies, news enclosing the distance and the markets at real-time.

In first announcing that the new offerings past month, Robinhood explained the movement was a part of a push to bring cryptocurrencies to a larger audience of investors, using a platform which “democratizes” trading by expanding the pool of potential investors through its cellular and on-line programs.

The announcement provided some metrics about How traders are being reached by the firm, saying:

Mobile app stock trading provider Robinhood has officially established cryptocurrency trading, rolling up the new service out to five U.S. countries today.

The leader in blockchain information, CoinDesk is a different media outlet that strives for the greatest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story suggestion to send our journalists? Get in touch with us in news@coindesk.com.