Ohio became the 25th State of USA where the trading app both for traditional stocks and for cryptocurrencies is now available, as it was announced in the official Twitter account of the company.
Robinhood makes rapid strides throughout the country, Ohio is the fourth territory “conquered” by the company this month.
On October 2nd the Rhode Island joined the commission free trading community. On October 5th the trading platform has started operating in Arkansas and the same day also in Tennessee.
Flashy and memorable slogans from the company’s account supported by neon GIFs are all hard to forget:
Robinhood Crypto is ebbing and flowing in Ohio!
Robinhood Crypto is hot-springing into Arkansas!
Robinhood Crypto is rockin’ & rollin’ in Tennessee.
Robinhood Crypto has anchored in Rhode Island.
On October 10th new clearing system of Robinhood was also announced that will enhance the customers’ experience of trading on the platform.
As the post in the corporate blog states, “a bunch of small and frustrating fees” will be lowered or even removed, the customer support responses will become quicker and new features will be forthcoming. According to CCN, with the described improvements the bank reversal fees will decrease more than in three times – from $30 to $9.
Robinhood is a “pocket” online blockerage, combining traditional assets approaches with the crypto ones and dealing with no direct commission on the platform, with more than 6 million active users on it. It is regulated by SEC and also obtain required documents, licenses from the Depository Trust & Clearing Corporation, and the Office of the Comptroller of the Currency and the Financial Industry Regulatory Authority. The cryptocurrencies supported by the exchange are Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin and Dogecoin.
Additional information about the Robinhood difference from other platforms, excluding commission-free policy, mechanisms of earning money and behavioural characteristics of the customers were previously shared to our media by Nadia Asoyan, the company’s financial director.