Five months after launching its own no-fee cryptocurrency trading platform, Robinhood is excited to announce its expansion to Georgia.
Robinhood Crypto is coming to Georgia, and we're feelin' peachy! Trade cryptocurrencies, commission-free. ? pic.twitter.com/8eX57gv8sw
— Robinhood (@RobinhoodApp) August 2, 2018
Robinhood depends on regulatory bodies
The news comes after less than a month since Robinhood App has listed Bitcoin Cash (BCH) and Litecoin (LTC), as reported by Coindoo. The success of the company is mainly due to a funding round through which it has earned $ 363 million.
The slow expansion of Robinhood App is due to regulatory bodies with which the parent company must negotiate before launching new services.
In early 2018, Robinhood CEO Baiju Bhatt claimed that sovereign nations will accept virtual assets.
Here ‘s what he said:
“I think sovereign nations are going to have cryptocurrencies as their default currencies at some point. I think this is largely inevitable, whether that happens next year or in 15 years I don’t know but I’m almost 100% convinced that’s going to happen.”
Robinhood’s no-fee crypto services are currently available in 19 US states: Arizona, California, Colorado, Florida, Indiana, Iowa, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, Wisconsin plus new added Georgia.
As a result of the expansion, the Georgians now have the opportunity to buy and sell Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE).