Robinhood, a Menlo Park, California-based stock brokerage firm that allows users to trade US listed stocks, exchange-traded-funds, and cryptocurrencies while paying zero commissions, has received a BitLicense and a money transmitter license in January 2019.Robinhood’s Crypto Services Accessible To New Yorkers.
On May 23, 2019, Robinhood’s management revealed that New York residents may purchase cryptoassets through the trading platform’s app.
Currently, Robinhood app users can buy seven different digital assets including bitcoin, bitcoin cash, bitcoin SV, ether, ethereum classic, litecoin, and dogecoin.
Robinhood’s management has also rebranded the newsletter to “Robinhood Snacks,” and it has reportedly decided to focus on providing the stock trading app’s millennial audience the latest financial news in a humorous way.
Robinhood Snacks is a major step towards building out these resources and helping you get more informed on market news.
Launched in February 2018, Robinhood’s crypto trading app is available for both Android and iPhone users.
As noted on the company’s website, the Robinhood app has been designed to “Protect market orders against price moves.” This is done by “Adjusting market orders to limit orders collared up to 1% of buys, and 5% for sells.”