01/11/19 03:49 UTC-5

US Robinhood investment crypto-application expands to new states

The U.S.-based stock and cryptocurrency investment app, Robinhood, is expanding. According to its latest announcement, the platform is ready to expand its cryptocurrency services in Delaware, Kentucky, Louisiana, Maine, Maryland, Minnesota, Nebraska and Vermont.  


Robinhood work

The company also announced the recruitment of Sina Nader as the new head of its crypto-business. Sina Nader will oversee the storage system, which is the main part of Robinhood Crypto.

The investment application provider cryptocurrency module, dubbed Robinhood Crypto, will now be available in 46 states and in Washington. Also, the crypto-application has been providing investment services in the state of New York since January of this year. It is worth noting that the Department of Financial Services of the State of New York granted Robinhood a business license for virtual currency activity – BitLicense.

  • Analysts explained the rapid rise in Bitcoin prices by China's decision to legitimize blockchainBlockchain
    is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
    technology. However, a number of experts believe that the initiative of the country's government with the development of Bitcoin has nothing in common. Nevertheless, residents of other countries have grown interest in the main cryptocurrency.  

See also: "Accointing portfolio tracking platform has updated its app"

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Editor: Alyona Deryabina