Commission-free cryptocurrency trading app Robinhood to conquer Alaska next
As per a tweet, the trading firm stated that the residents of Alaska can now trade on cryptocurrencies like Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Ethereum Classic and Litecoin on their app.
Alaska, thanks for bearing with us. Trade Bitcoin and other cryptocurrencies, commission free. pic.twitter.com/ObhwsPIQdG
— Robinhood (@RobinhoodApp) September 25, 2018
Apart from trading in the above-mentioned cryptocurrencies, Alaska users will also get access to a live market data of various other cryptocurrencies such as Bitcoin Gold, Dash, NEO, Ripple, Monero, Lisk, Zcash, Stellar, Qtum, OmiseGO, and others.
Previously, Robinhood added new features and tools to its trading app such as adding candlestick charts for not only cryptocurrencies but also for stocks and options.
Alaska is the 20th state to be added under Robinhood’s cryptocurrency trading service. The other 19 states include Arizona, California, Colorado, Florida, Georgia, Indiana, Iowa, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, Pennsylvania, Texas, Utah, Virginia, and Wisconsin.
The financial service announced that the app provides commission-free cryptocurrency trading in January, though the actual trading began only in February with bitcoin and ethereum being the first tradable coins on the app.
“Trading functionality for BTC and ETH will be released gradually in waves to Robinhood residents in California, Massachusetts, Missouri, Montana, and New Hampshire. Robinhood Crypto will be available in more states soon,” said Robinhood, according to a blog post at that time.
Some of the key strategies that Robinhood follows is to give access to instant deposits, leading a commission-free cryptocurrency trading platform, and also they call themselves a “secure and established platform.”
Besides extending their services to other states and increasing the range of trading products, the financial service platform has been reported by Bloomberg to have been taking up a keen interest in acquiring a banking license just like other cryptocurrency trade platforms like Coinbase and Circle in reaching out for a US national banking charter.
Image via Shutterstock
Join our Telegram group