Robinhood To Launch Zero Fee Crypto Trade In Another USA State
The team of the Robinhood crypto project announced the expansion to another US state, Georgia, CryptoGlobe reports.
The residents of this state can use the Robinhood application for trading bitcoins, ethers, Litecoins, Dogecoins. Previously, the Robinhood service was available only to the residents of 4 states. Now the platform's services can be used by the residents of 18 states.
Robinhood Crypto is coming to Georgia, and we're feelin' peachy! Trade cryptocurrencies, commission-free. pic.twitter.com/8eX57gv8sw— Robinhood (@RobinhoodApp) 2 августа 2018 г.
The rapid project's expansion is explained by recent investments in the company, which managed to rise about $363 million, and the total capitalization of the project was estimated at $5.6 billion.
The Robinhood team needs to coordinate their activities with regulators in each state for further expansion. It is reported that at the moment the developers are negotiating the possibility of introducing a savings accounts service.
Earlier, the developers of the Robinhood implemented a wallet for operating the cryptos, so the customers can conduct transactions without the third parties.