Robinhood, the popular commission-free trading app, announced this week that residents of Georgia can now buy and sell cryptocurrencies directly on the mobile platform.
Robinhood Crypto is coming to Georgia, and we’re feelin’ peachy! Trade cryptocurrencies, commission-free.
This news comes just weeks after Robinhood announced it now supports the buying and selling of Dogecoin, a cryptocurrency based on a popular online meme that boasts low-fee transactions and a scalable network.
The state-by-state approach for opening cryptocurrency trading is due to the unique regulations found within each state.
Ultimately, this approach will allow for a fully compliant platform, which makes sense since Robinhood is in early discussions with regulators to begin offering banking products.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here.
Always conduct your own due diligence before making investments.