Robinhood To Allow Crypto Trading – Here are the Answers to Your General Questions
Robinhood Financial LLC, which offers a stock trading app aimed at the upcoming generation, stated that it plans to let users buy and sell digital coins without fees starting in February.
So far only a handful of states are privy, but it plans to gradually roll out the service and be serving all U.S. customers by midyear.
It’ll roll out the option gradually with the intention of having it available to customers in most states by midyear.
So which states will Robinhood offer crypto trading in?
Robinhood Crypto will initially be available to customers in California, Massachusetts, Missouri, Montana, and New Hampshire. We plan to add support for more states soon.
And which cryptos will they be supporting?
Starting in February, Robinhood Crypto supports buying, selling and real-time market data for:
- Bitcoin (BTC)
- Ethereum (ETH)
Robinhood Crypto also supports real-time market data for the following:
- Bitcoin Cash (BCH)
- Bitcoin Gold (BTG)
- Dash (DASH)
- Dogecoin (DOGE)
- Ethereum Classic (ETC)
- Lisk (LSK)
- Litecoin (LTC)
- Monero (XMR)
- NEO (NEO)
- OmiseGO (OMG)
- Qtum (QTUM)
- Ripple (XRP)
- Stellar (XLM)
- Zcash (ZEC)
We also plan to support the ability to buy and sell other cryptocurrencies through Robinhood Crypto. Keep in mind that supporting market data for individual cryptocurrencies does not necessarily mean we plan to add buying and selling.
TIP: You can move up the waiting list by referring your friends.
- Crypto Availability. Robinhood Markets.
- One Million People Are Waiting in Line to Join Robinhood’s Crypto Trading. Bloomberg.com