Tag Archives: Robinhood

New York Grants BitLicenses to Robinhood Crypto and LibertyX

On January 24, 2019, the New York Department of Financial Services (the “DFS”) announced that it had granted BitLicenses to Robinhood Crypto, LLC and Moon Inc. (d/b/a LibertyX). These are the fifteenth and sixteenth BitLicenses granted by the DFS since the final BitLicense rules were released in 2015. Continue reading New York Grants BitLicenses to Robinhood Crypto and LibertyX

Robinhood Wins New York’s Coveted BitLicense, Will Now Serve Crypto Traders

Today, Robinhood and LibertyX gained approval to work in virtual currencies in New York. Robinhood is a stock trading app that recently created some controversy when they released interest-bearing bank accounts that are not protected by the Securities Investor Protection Corporation. Continue reading Robinhood Wins New York’s Coveted BitLicense, Will Now Serve Crypto Traders

Robinhood Launches in Colorado with Bitcoin, Ethereum

The competitive landscape for cryptocurrencies is heating up in the United States. Zero-commission startup exchange Robinhood just announced on Twitter its expansion into Colorado. The trading platform unveiled commision-free trading for leading cryptocurrencies bitcoin and Ethereum in the western state. In addition to cryptocurrencies, the Palo Alto, Calif.-based trading platform also supports stocks, ETFs and options. Continue reading Robinhood Launches in Colorado with Bitcoin, Ethereum

Stock Brokerage App Robinhood Launches Cryptocurrency Trading in 5 States

Stock brokerage app Robinhood has begun rolling out its new cryptocurrency trading platform to users in 5 states. Beginning
Thursday, users who pre-registered for Robinhood Crypto will begin receiving emails inviting them to participate in an early
access program for the platform, which allows investors to trade cryptocurrencies, stocks, and exchange-traded funds (ETFs)
side-by-side on a single platform. Despite the limited roll-out, the creation of Robinhood Crypto promises to introduce
millions of new customers to cryptocurrency trading over the long-term. It took less than one week for the new platform to
achieve 1 million pre-registrations, and the firm said that its brokerage platform already has 4 million users, who
collectively have achieved more than $100 billion in transaction volume. At launch, Robinhood Crypto supports Bitcoin and
Ethereum trading, although users — including those who do not yet have access to Robinhood Crypto — can monitor and track
market data for 16 cryptocurrencies, indicating that the company intends to expand it cryptoasset offerings in the future.

Reference: https://www.ccn.com/stock-brokerage-app-robinhood-launches-cryptocurrency-trading-in-5-states/