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Robinhood app expands cryptocurrency trading to Colorado

Two months after starting to roll out crypto trading, Robinhood has finally expanded the service to another American state. At the moment, it’s still supporting just Bitcoin and Ethereum, however the app is expected to add at least another 14 cryptocurrencies eventually.

Robinhood Financial LLC, the Palo Alto-headquartered US stocks brokerage app, has added another location where cryptocurrency trading is supported for its clients – Colorado.

«Robinhood Crypto is coming to a Rocky Mountain near you! Commission-free Bitcoin (BTC) and Ethereum (ETH) trading is now rolled out and available to investors in Colorado», – the company officially announced on Friday.

Colorado is perhaps most known all over the world for being the first American state to legalize both the medicinal and recreational consumption of marijuana. It is only the 6th location in the country where Robinhood’s cryptocurrency trading service is made available after the company initially launched it in California, Massachusetts, Missouri, Montana, and New Hampshire back in February.

At launch, Robinhood promised to add in many more states for crypto trading later on if everything goes as planned.

Besides the few selected states in which the cryptocurrency trading service is available, Robinhood also already offers market data on a total of sixteen cryptocurrencies including Bitcoin, Ethereum, Bitcoin cash, Litecoin, Ripple, Ethereum classic, Zcash, Monero, Dash, Stellar, Qtum, Bitcoin gold, Omisego, Neo, Lisk and Dogecoin. The company is also working on Robinhood Feed, a way to discuss cryptocurrencies, news, and market swings in real-time with other investors on the platform.