Robinhood, the widely popular investment app known for commission-free trading, has broadened its cryptocurrency services to include Hawaii, Puerto Rico, and the Virgin Islands.
This expansion is set to boost trading activity and the growth of supported cryptocurrencies like Bitcoin and Ethereum.
Stay tuned for more updates on these exciting developments!
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Availability in Hawaii, Puerto Rico, and the Virgin Islands
On July 2, 2024, the popular U.S. investment app, Robinhood, announced that its cryptocurrency trading services are now available in Hawaii, Puerto Rico, and the Virgin Islands.
Robinhood is renowned for allowing users to invest in stocks, options, and cryptocurrencies without any commission fees through its mobile app.
It supports a variety of popular cryptocurrencies, making it a highly regarded platform among crypto investors. These supported cryptocurrencies include:
• BTC
• ETH
• DOGE
• SHIB
• AVAX
• LTC
• UNI
• LINK
• XLM
Robinhood is one of the most popular cryptocurrency investment apps in the United States. However, the regions where its services were available were limited.
This expansion is expected to stimulate more active cryptocurrency trading and contribute to the growth of the various cryptocurrencies that Robinhood offers.
Potential Introduction of Futures Trading in the Coming Months
Reports suggest that Robinhood is considering launching cryptocurrency futures trading services in the U.S. and Europe within the next few months.
According to Bloomberg, which cited sources on July 2, 2024, this new service might commence following the completion of Robinhood’s acquisition of the cryptocurrency exchange Bitstamp.
Utilizing Bitstamp’s licenses, Robinhood plans to offer perpetual futures trading for Bitcoin, Ethereum, and other tokens.
This plan has not been officially disclosed yet, and the details were shared by sources on the condition of anonymity.
Therefore, the cryptocurrency futures trading service is not expected to launch immediately.
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