Mobile trading app Robinhood launches zero-fee cryptocurrency trading in five US states

 

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Mobile trading app Robinhood has launched its zero-fee Bitcoin (BTC) and Ethereum (ETH) trading for the first batch of its crypto platform users on Thursday (February 22), as announced on the company’s blog.

Customers residing in the US states of California, Massachusetts, Missouri, Montana, and New Hampshire will be the first users to get access to the commission-free platform. Robinhood noted that the application will be rolled out gradually with support for "many more states" coming "later."

At the moment, all users of Robinhood are able to monitor the market for the prices of 16 different cryptocurrencies, regardless of whether or not they have access to the actual trading feature.

As Robinhood stated last month, the main goal behind launching its zero-fee cryptocurrency trading platform was to bring as many new customers as possible. Robinhood claimed that the company is planning "to operate this business on break-even basics."

According to the latest blog post, the current number of Robinhood Crypto users has reached four million with over $100 billion in transaction volume on its brokerage platform and over $1 billion in saved commissions in equity trades.

Apart from the launch of cryptocurrency trading, Robinhood has also released its Robinhood Feed which allows cryptocurrency investors to discuss cryptocurrency markets, trends and news online.
 

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Original article here: (1) https://cointelegraph.com/news/robinhoods-zero-fee-bitcoin-ethereum-trading-is-live-in-five-us-states
(2) http://www.aimhighwithvanicci.com/mobile-trading-app-robinhood-launches-zero-fee-cryptocurrency-trading-in-five-us-states/
 
*Featured Image via Jen Quraishi Phillips/Medium
 
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