Robinhood launches Bitcoin trading in New York

posted 5 months ago
Robinhood, the popular stock and crypto investing app, officially launched Bitcoin trading in New York. Silicon Valley-based Robinhood received a BitLicense from the New York Department of Financial Services (NYDFS) in January 2019 and on Thursday opened access to crypto trading in the Empire State.

New York is unique and problematic for crypto traders because all purveyors must apply for a BitLicense, most notably for companies that are “storing, holding, or maintaining custody or control of virtual currency on behalf of others,” according to NYDFS.
Tags: bitcoin, news