New York’s top financial regulator granted Robinhood licenses to offer commission-free cryptocurrency trading in the Empire State.
The licenses granted by the Department of Financial Services on Jan. 24 allow Robinhood Crypto users in New York to buy, sell or store six cryptocurrencies, including bitcoin, bitcoin cash, litecoin and ether. Robinhood Crypto is already active in 30 states.
“We just received our BitLicense and money transmitter license for NY. Expect us to roll out crypto there over the coming months,” the company said in a tweet.
The millennial-friendly trading app’s parent company allows customers to trade and invest in stocks ...
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