Key Factors:
- Robinhood has expanded its crypto providers to all 50 U.S. states, the U.S. Virgin Islands, and Puerto Rico.
- The growth of Robinhood crypto buying and selling providers positions it forward of opponents by way of availability to U.S.-based prospects.
Robinhood, the well-known buying and selling platform, has made a major transfer within the cryptocurrency market by increasing its digital asset providers to new U.S. territories.
Robinhood Crypto Buying and selling Companies Expanded to All U.S. Territories
Embracing the mantra of accessibility and inclusivity, Robinhood has not too long ago introduced its availability throughout all 50 states, the U.S. Virgin Islands, and Puerto Rico. This vital milestone marks a brand new chapter in Robinhood’s journey, increasing its horizons to supply buying and selling capabilities in 15 completely different property together with the giants of the crypto world like Bitcoin, Ethereum, Dogecoin, and Avalanche.
The Robinhood crypto buying and selling growth comes at a time when the crypto panorama is present process fast modifications, with some opponents dealing with challenges.
In relation to competitors, Robinhood Crypto positions itself a notch above different giants within the area akin to Coinbase and Kraken, particularly by way of accessibility for U.S.-based prospects. Whereas the crypto quantity on Robinhood could not characteristic on worth aggregators like CoinGecko or CoinMarketCap, the platform prefers to disclose its numbers alongside quarterly earnings, a observe that distinguishes it from its counterparts.
Robinhood Crypto Goals to Increase Market
Simply final week, the Hawaii Division of Commerce and Client Affairs and Know-how Growth Company collectively introduced that crypto corporations now not require a Hawai‘i-issued cash transmitter license to conduct enterprise throughout the state. And within the U.S. Virgin Islands, the place there aren’t presently any state-level cryptocurrency guidelines, there have been no regulatory hurdles to beat.
Driving on the waves of those achievements, Robinhood crypto buying and selling just isn’t slowing down anytime quickly. With eyes set on extending its providers past the shores of the U.S. and venturing into the European Union, Robinhood goals to solidify its presence on a worldwide scale. The acquisition of crypto trade Bitstamp in a $200 million money deal additional signifies Robinhood’s bold roadmap and its dedication to turning into a number one pressure within the cryptocurrency buying and selling area.