Crypto Trading App ‘Robinhood’ Expands to Wisconsin and New Mexico
The popular mobile crypto trading app, Robinhood, announced that it is expanding to two new US states, Wisconsin and New Mexico. The platform is known for its commission free Bitcoin and Ethereum trading services.
Given the populations of the two states, their addition means that approximately 8 million Americans will now have the ability to trade crypto on Robinhood for the first time.
The stock trading company has stated that it will be offering commission-free trading to state’s residents, while allowing them to monitor various other cryptocurrencies, including NEO, Monero, Bitcoin Cash, Dogecoin, and Ripple.
Robinhood Crypto is coming in hot! Commission-free Bitcoin and Ethereum trading is now rolled out and available to investors in New Mexico. pic.twitter.com/aq12aQwcpO
— Robinhood (@RobinhoodApp) 3 May 2018
As covered, Robinhood has been rolling out its Robinhood Crypto service to US residents on a state-by-state basis from February onwards. Last month, it expanded to Colorado.
On Friday, the team behind the app publicly announced that they were “working through regulatory processes to bring Robinhood Crypto trading to more states.” It is important to mark that the app is allowing several users to start trading virtual currencies in many different states.
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