Robinhood Expands Crypto Trading to Alaska and Oklahoma


Robinhood, the popular commission-free trading app, announced over the past week that residents of both Alaska and Oklahoma can now buy and sell cryptocurrencies directly on the mobile platform.

With the geographic expansion, residents of AK and OK now join investors from 18 other states, including AZ, CA, CO, GA, FL, IN, MA, MI, MS, MO, MT, NJ, NM, PA, TX, UT, VA and WI.

This news comes just weeks after Robinhood announced it now supports the buying and selling of Dogecoin (DOGE), a cryptocurrency based on a popular online meme that boasts low-fee transactions and a scalable network, and Ethereum Classic (ETC), the open-source, public, blockchain-based distributed computing platform that features smart contract functionality. This brings the list of tradeable assets to six, which also includes as Litecoin (LTC), Bitcoin Cash (BCH), Bitcoin (BTC) and Ethereum (ETH).

Robinhood is also expanding its suite of trading tools, as part of an effort to become an all-inclusive platform. The first major technical trading tool, an option to view charts in candlestick format to provide more information about the intra-period price action, was included in a recent update.

Robinhood is now available in a web format, which is a big change for the company that has been primarily app-based since its launch. Investors can now open, close and monitor positions directly from their desktops.

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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