Known for its no-fee policy, the fast-growing American trading exchange, Robinhood, has recently announced plans to extend its services to two new states in the United States: Arkansas and Tennessee.
Announcing via its official Twitter account, Robinhood confirmed that major cryptocurrencies such as Bitcoin and Ethereum would be available as trade options through its commission fee in these regions. The two successive tweets read:
“Robinhood Crypto is rockin’ & rollin’ in Tennessee. Trade Bitcoin, Ethereum, and other cryptocurrencies commission free. Robinhood Crypto is hot-springing into Arkansas! Bitcoin and other cryptocurrencies are now available in the Natural State, commission free.”
The exchange is not only focused on cryptocurrencies or digital assets, like other familiar exchanges. With a solid history of trading in traditional assets such as Exchange Traded Funds (ETF) and stocks before its entry into the cryptocurrency market, the startup has garnered diversified experience despite its few years of establishment. The startup is based in Silicon Valley, the world famous tech-hub of California.
In accordance with its firm history in stocks and investments, the exchange announced a new partnership with Brit+ Co in a bid to create an investing 101 class designed to help people with informed investments by ensuring they understand its basics and fundamentals.
Robinhood’s collaboration with Brit+ Co also saw to the creation of a blog where interested people got ready to help as they were taught important aspects of investments to be known before an investment is made.
Established in California, the exchange already has a number of American states under its wings such as Texas, Iowa, Virginia, New Jersey, Indiana, Georgia, Pennsylvania, and a host of others too. Before its planned expansion to Arkansas and Tennessee, Robinhood recently extended its services to Alaska, Oklahoma, and Rhode Island.
The exchange continues to enjoy increased popularity for its commission-free crypto-trading platform. A lot of crypto traders in other regions have clamored for the exchange to render services to their states likewise. Eric Markovich from Illinois wrote:
“It’s like you’re toying with all of us here in Illinois. Is Illinois even on the horizon??”
The exchange would continue to work on expanding its trade-free platform across all states in the U.S, it has promised.