Robinhood, the California-based broker, now has the green light from regulators in New York to open up shop in the state, the firm said Thursday. The company announced that the New York Department of Financial Services granted Robinhood the so-called BitLicense, which is only held by a handful of crypto companies including Genesis Trading and …
Source: www.theblockcrypto.com
Robinhood Crypto has received a virtual currency license (BitLicense), and a money transmitter license in New York from the New York State Department of Financial Services (DFS). Additionally, DFS approved the application of LibertyX, for a virtual currency license. The license will allow customers to buy, sell and store 7 crypto-currencies in New York over the coming months including Bitcoin, Ether, Bitcoin Cash, and Litecoin. Robinhood is an online brokerage platform that allows retail investors to trade U.S. stocks and exchange-traded funds, without paying any commissions.
