Robinhood Expands Its Crypto Trading Services to Georgia
Robinhood, the crypto trading platform that seems to be in a continuous expansion process, has just announced that its services will be available in Georgia.
“Robinhood Crypto is coming to Georgia, and we’re feelin’ peachy! Trade cryptocurrencies, commission-free,” the company’s latest tweet announced.
Georgia residents can now invest in cryptocurrency through the Robinhood app. Users can also trade Bitcoin (BTC), Bitcoin Cash (BTH), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE). The main benefit of the Robinhood application is that it’s designed to be as user-friendly as possible, meaning that users can effortlessly trade coins without even requiring to change the settings.
Started from the bottom
According to Robinhood’s official support section, its services are now available in over 18 states. At this stage, users can only build, hold, or sell their cryptocurrencies, as more development work is still required.
A lot of work needs to be put in for Robinhood to get clearance within each state. The most impressive thing about Robinhood’s evolution is how fast the company managed to rise. At the platform’s initial launch, the company offered support for only four states. Just recently, the company managed to open up trading in Iowa (July 31) and New Jersey (July 9).
A post from Robinhood’s blog perfectly describes what it is all about: “Together, we reached four million users and well over $100 billion in transaction volume on our brokerage platform, leading to over $1 billion in commissions saved in equity trades. With the release of Robinhood Crypto, we’re continuing our mission of making the financial system work for everyone, not just the wealthy.”