Robinhood investing app to offer crypto trading

Robinhood, the free trading and investing app popular among Millennial’s has announced back in January of 2018 that it will plan to let its users buy and sell digital coins without fees starting this February 2018.

As a result, in just 5 days, over 1 million joined the sign-up list eager to have access to the new trading feature. “The decision to bring on crypto trading will help the platform with customer acquisition” said the co-founder and added that it “could dramatically increase user growth” in the app which already lists more than 3 million users.

Dubbed as Robinhood Crypto, the app will offer trading of bitcoin, the world’s largest cryptocurrency, alongside the digital currency ethereum and possibly more digital currencies to come later.

The new feature will come in waves, first launching in California, Massachusetts, Missouri, New Hampshire and Montana becoming available to customers in most states by mid-2018.

To join Robinhood’s Crypto signup list for early access, Click here and scroll to the bottom; you’re welcome.

Robinhood Financial LLC, the Palo Alto, California stock brokerage startup was founded in 2013 and as of February 2018, it has raised a total of $176 million from backers including Index Ventures, New Enterprise Associates and DST Global and is currently valued at $1.3 billion.