Robinhood Launches Its Commission Free Crypto Trading In Alaska

Sep 26, 2018 at 18:00 Update Date :Feb 27, 2019 at 07:46 UTC

Trading app Robinhood has rolled its commission-free cryptocurrency trading services to one more state in the U.S.

In one of its tweets, the financial services firm disclosed that residents of Alaska can now be able to trade in Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Ethereum Classic, and Litecoin on Robinhood Crypto.

Other than trading the six coins, users of the application in the Last Frontier state will also approach the continuous market information of different digital currencies including Bitcoin Gold, Dash, Lisk, Monero, NEO, OmiseGO, Qtum, Ripple, Stellar and Zcash. Prior in the month, Robinhood reported new trading app features and instruments and this included candlestick outlines for stocks and options and not just cryptocurrencies.

By including Alaska, Robinhood’s digital currency trading app presently ends up accessible in 20 states in the U.S. The other 19 states where the crypto exchanging services of the application are now accessible are Arizona, California, Colorado, Florida, Georgia, Indiana, Mississippi, Massachusetts, Michigan, Iowa, New Jersey, Montana, Missouri, Utah, Pennsylvania, Texas, New Mexico, Virginia and Wisconsin.

In spite of the fact that actual trading initiated in February with Ethereum and bitcoin being the first tradeable coins on the Robinhood app, the financial services startup announced commission-free crypto trading in January this year. The earliest states to get to the services of Robinhood Crypto were California, Massachusetts, Missouri, Montana and New Hampshire with more included in the ensuing months.

The financial services startup which is esteemed at roughly US$5.6 billion – from the latest Series D financing round that raised US$363 million is also comprehended to take a shot at its particular cryptocurrency wallet.

Besides extending to more states and broadening the range of trading items, Robinhood has also previously answered to be interested in procuring a banking licence, joining other digital currency firms, for example, Coinbase and Circle are looking for a U.S. banking charter.

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