Robinhood Zero-Fee Trading App Officially Launches in New York


American inventory brokerage Robinhood Crypto has formally launched its zero-fee crypto buying and selling app in New York, the corporate introduced in a weblog put up on May 23.

Following the acquisition of a BitLicense by the New York State Department of Financial Services (DFS) in January 2019, Robinhood now permits New York residents to commerce in seven main cryptos with no fee payment utilizing its Robinhood Crypto platform.

From now, the Robinhood Crypto service is accessible in 39 states within the United States, together with California, Washington and Florida, amongst others.

The Robinhood buying and selling app permits for the buying and selling of bitcoin (BTC), ethereum (ETH), bitcoin money (BCH), litecoin (LTC), bitcoin SV (BSV), ethereum basic (ETC) and dogecoin (DOGE). Robinhood customers may also observe value alterations and updates for these cryptos and 10 further cash, the weblog put up notes.

Earlier in April, Robinhood utilized for a financial institution constitution with regulators within the U.S. with the intention to supply conventional banking services.

Previously, the DFS granted a BitLicense to a institutional-grade crypto buying and selling platform Tagomi Trading, enabling the corporate to supply commerce routing and order execution companies for non-security cryptos together with bitcoin, ethereum, litecoin and bitcoin money.

Recently, on April 18, Bloomberg reported that the ICE was contemplating buying a New York BitLicense to launch bitcoin futures, citing nameless sources acquainted with the matter.

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