Only two months after the launch of its service of trading digital currencies, Robinhood has finally developed this solution in another u.s. State. For the moment, the platform is based on the Bitcoin and Ethereum. But it should add at least 14 crypto-currencies.
If you missed this announcement, here is a video in English describing these facts :
Robinhood develops in Colorado
Robinhood Financial LLC, the brokerage firm of american equity based in Palo Alto, has decided to expand its business in Colorado. The company officially announced Friday on his Twitter page that Robinhood lands in Colorado. Investors in the Colarado are now able to exchange Bitcoin and Ethereum without a fee.
Source : Pixabay. Robinhood develops in Colorado.
Colorado has more than 5.5 million inhabitants. It is known in the world for having been the first u.s. State to legalize the consumption of medicinal marijuana. The Colorado is only the 6th place in the country where the service of trading of crypto-currencies of Robinhood is deployed. This comes after the launch of its service in California, Massachusetts, Missouri, Montana and New Hampshire in February. We can therefore expect to see the company expand its presence in other States by the end of the year.
Take advantage of the benefits of crypto-currencies
Robinhood has promised at its inception to develop its service in all States in the u.s. if everything goes as planned. Given the current situation of the company, it seems that this is not the lack of success that prevents the company to deploy on a national scale. The crypto-currency have helped to Robinhood to save over 4 million users and a transaction volume of more than $ 100 billion.
In addition to the few States mentioned in which the service of trading virtual currency is available, Robinhood also offers important data regarding the market of 16 crypto-currencies, including Bitcoin, Ethereum, Ripple, Litecoin, or Bitcoin to Cash. The company is also working on the project Robinhood Feed, a live chat service to discuss crypto-currencies, news and fluctuations of the market with other investors.
Source : NewsBitcoin