Robinhood Crypto now available in four more US states

07 Oct, 2018
by David Robb
Robinhood Crypto now available in four more US states

Popular online trading platform Robinhood has made crypto trading available in four more US states. The last week or so has seen Robinhood Crypto services expand to Oklahoma, Tennesse, Rhode Island, and Arkansas.

California-based Robinhood provides an app that allows retail traders to buy and sell various different assets, including stocks and ETFs, and it first launched its crypto trading functionality back in February.

Robinhood Crypto is now available in 24 different states: Arizona, California, Colorado, Florida, Georgia, Indiana, Iowa, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, Pennsylvania, Texas, Utah, Virginia, and Wisconsin, as well as the previously mentioned four.

Users in these states are able to trade on Robinhood with zero commission. However, the specifics of this fee-free trading business model were recently revealed, and Robinhood faced criticism from some elements of the crypto community.

Read more: Robinhood potentially making half a billion dollars per quarter from their traders

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