Robinhood expands cryptocurrency trading to Wisconsin and New Mexico

Robinhood, the no-fee stock brokerage and trading app, has expanded its crypto trading platform to two new states: New Mexico and Wisconsin.

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. In April, Robinhood expanded its crypto trading to Colorado; upon its launch in February, the crypto trading platform was open to California, Massachusetts, Missouri, Montana, and New Hampshire.

On Friday, May 4 the team behind the app publicly announced that they were «working through regulatory processes to bring Robinhood Crypto trading to more states».

Robinhood currently offers the trading of Bitcoin and Ethereum and provides market data on a total of sixteen cryptocurrencies. As Coinstelegram reported previously, the company is also working on the development of «Robinhood Feed», a discussion platform for investors using the app. Currently Robinhood boasts around 4 million users between its stock brokerage and cryptocurrency platforms combined.

Leave a Reply

Your email address will not be published. Required fields are marked *