It’s available on Android and iOS. While the Robinhood Crypto launch may drive increased adoption and deliver a positive impact on market values due to an increase in exchange-executed trades commissioned by their brokerage service, users that choose to purchase cryptocurrencies via Robinhood are severely restricted in terms of what they are actually able to do with their purchased crypto. The Trading app increasing its availability. Robinhood Crypto was also expected to reach New Hampshire, but Robinhood also said the rollout would be “gradual,” adding that they plan to “release crypto trading functionality in many more states later.” They also plan to support more altcoins in time.

Excluded states are Delaware, Hawaii, Kentucky, Louisiana, Maine, Maryland, Minnesota, Nebraska, Nevada, New Hampshire, New York, North Carolina, South Carolina, Vermont, and Wyoming.

Robinhood operates a website and mobile apps for iPhone, Apple Watch, and Android. The Robinhood crypto exchange takes aim squarely at Coinbase, with simplicity being the bullseye.

In the meantime, all investors on Robinhood can monitor and track market data for 16 cryptocurrencies.

We are gradually rolling out access to Robinhood customers residing in California, Massachusetts, Missouri, Montana, and New Hampshire, and look forward to releasing crypto trading functionality in many more states later. Since Robinhood Crypto launched last year, we’ve been committed to giving people across the country access to commission-free crypto trading and improving our crypto business.. Today, we’re bringing crypto trading to eight more states: Delaware, Kentucky, Louisiana, Maine, Maryland, Minnesota, Nebraska, and Vermont. Securities offered through Robinhood Financial LLC, member FINRA/SIPC. Courtesy: Robinhood Website Now it’s got its sights set on being the biggest in the entire cryptocurrency market. “Robinhood Crypto has been steadily adding states where the service is available. Other websites, like Coinbase, allow you purchase Bitcoin and other cryptocurrencies and use them for any purpose. Access to the Robinhood Crypto platform is strictly limited to users based in California, Massachusetts, Missouri, Montana, and New Hampshire at this point in time, with the Robinhood “exchange” planning on releasing crypto trading functionality in more US states at a later date.

Robinhood co-founder Vlad Tenev. Mobile trading app Robinhood recently added cryptocurrency trading to its platform. Robinhood only lets you bet on the price of crypto. All supported states are listed on the Help Center. Find out how it works today in our review. What is Robinhood Crypto? The mobile app that lets you play Gordon Gecko in your underwear has recently entered the crypto market, offering investments in Bitcoin and Ethereum in select states.

But with Robinhood, you aren’t truly purchasing crypto. “Robinhood Crypto has been steadily adding states where the service is available.