Robinhood Opens Cryptocurrency Trading App to Alaska Users for Purchasing Bitcoin
The famous and commission-free cryptocurrency application Robinhood allows users from Alaska to trade their favorites virtual currencies. The information has been released by the company on Twitter on September 25.
Alaska, thanks for bearing with us. Trade Bitcoin and other cryptocurrencies, commission free. pic.twitter.com/ObhwsPIQdG
— Robinhood (@RobinhoodApp) September 25, 2018
The application has been steadily expanding in the U.S. market since the beginning of the year when it was launched. At the moment it is possible to trade virtual currencies using Robinhood in many different states including: Alaska, Arizona, California, Colorad, Florida, Georgia, Indiana, Iowa, Massachusetts, Michigan, Mississippi, Missouri, montana, New Jersey, New Mexico, Pennsylvania, Texas, Utah, Virginia, and Wisconsin.
The application has been received in a very positive way in the market since it has offered a commission-free exchange. This is very positive since the intention is to provide better services than other companies such as Coinbase that have fees to purchase and sell virtual currencies.
According to news about Robinhood, it does not allow users to withdraw their funds to other wallets. This is why there are some reports that say that the company is planning to launch a virtual currency wallet.
In order to operate, Robinhood receives money by selling premium trading accounts with other features and other services for more experienced users.
In the future, the intention is to reach new markets and expand to other states.