Robinhood Launches Zero Fee Crypto Trading App In New York.

Robinhood Launches Zero Fee Crypto Trading App In New York.

2019-05-24 | Selina Mathew

Robinhood Launches Zero Fee Crypto Trading App In New York.

In line with a recent official 'web-blog post' published, renowned American stock brokerage ‘Robinhood’ has launched zero-fee cryptocurrency trading application in New York.

After the 'acquisition' of a BitLicense by the New York’s regulatory authority DFS [Department of Financial Services] earlier in the month of  Jan. this year, Robinhood now permits New York users to trade in 7 major crypto assets with no commission fee employing its Crypto platform.

From now, the Robinhood Cryptocurrency service is available within '39 states' within the U.S., together with Washington, California as well as Florida, among others.

The Robinhood trading app permits trading of Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], Litecoin [LTC], Bitcoin SV [BSV], Ethereum Classic [ETC] and Dogecoin [DOGE]. The users can also track worth alterations and updates for the chosen crypto assets, the post outlined.

Earlier in April, Robinhood 'applied' for a bank charter with regulators within the U.S. so as to offer traditional banking products and services.

Also, the DFS 'granted' a BitLicense to a institutional-grade cryptocurrency trading platform named ‘Tagomi Trading’, enabling the company to provide trade routing and order execution services for non-security cryptos together with Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC] and Bitcoin Cash [BCH].

Just earlier in mid of April, Bloomberg 'reported' that the ICE was considering acquiring a New York BitLicense to launch Bitcoin futures, citing anonymous sources acquainted with the matter.

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