Robinhood opens in New York, offers support for seven cryptocurrencies

23 May, 2019 | Updated: 23 May, 2019
by Richard Allen
Robinhood opens in New York, offers support for seven cryptocurrencies

It was announced in late January this year that Robinhood had been granted a BitLicence from the New York Department of Financial Services (DFS) which allows the company to operate in the state. Now, Robinhood has announced as of today, New Yorkers can officially invest in cryptocurrencies on Robinhood Crypto.

Robinhood Crypto currently offers support for seven cryptocurrencies including Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Ethereum Classic, Litecoin, and Dogecoin. Additionally, it’s also possible to track price movements and news for those and 10 other coins.

Robinhood’s expansion into New York means the platform is now available in 39 states.

Many were understandably excited at the news:

Others were asking when they’d expand their list of available cryptocurrencies and features:

In early April, Chepicap reported Robinhood had expanded its features for Gold subscribers. For $5 a month, eligible members will have access to larger instant deposits and $1,000 of interest-free deposits. Gold subscribers also have access to Nasdaq level 2 market data and access to more than 1,000 exclusive research reports from Morningstar analysts.

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