Missouri, and Montana in February 2018. In May 2018, Robinhood expanded its trading platform to Wisconsin and New Mexico. By 2021, cryptocurrency trading was available in every state except Hawaii and Nevada. Robinhood later added trading for Bitcoin Cash, Dogecoin, Ethereum Classic and Litecoin. In September 2021, automatic recurring investments was introduced and Robinhood launched a waitlist for cryptocurrency wallets. CEO Vladamir Tenev stated that Robinhood may add more coins, saying, "We feel very very good about the coins that we’re currently listing on our platform and any new coins that we add we want to feel equally, if not more good." In April 2022, Robinhood announced that it had rolled out cryptocurrency wallets to every eligible person on its waitlist of over 2 million customers, and added trading for Shiba Inu, Solana, Compound, Chainlink and Polygon. Also in April 2022, the company announced integration of Bitcoin’s Lightning Network to enable faster transactions involving the cryptocurrency. Banking In June 2018, it was reported that Robinhood was in talks to obtain a U.S. banking license, with a spokesperson from the company claiming the company was in "constructive" talks with the U.S. OCC. In December 2018, Robinhood announced checking and savings accounts, with debit cards issued by Ohio-based Sutton Bank would be available in early 2019. Robinhood claimed the accounts would have a 3% annual interest rate; at the time of the announcement, the highest interest rate on a savings account from a licensed bank was 2.36%. Robinhood initially claimed the accounts would be SIPC insured, which the SIPC denied. The products were rebranded as "Cash Management" the next day. In January 2019, the waitlist and sign-up page were removed from the app. A Cash Management feature was announced in October 2019, with FDIC insurance from various partner banks and an annual 2.05% interest rate, though lowered before launch to 1.8% after a federal rate cut. The feature launched in December 2019. In March 2022, Robinhood launched the Robinhood Cash Card, a debit card that allows users to automatically invest in assets like stocks and crypto when spending money. With the launch of the Cash Card, the company retired its Cash Management debit card. Retirement products Robinhood offers both traditional individual retirement accounts (IRAs) and Roth IRAs. Robinhood is matching 1% of eligible contributions that customers put into their IRA. Controversies Payment for order flow Bloomberg News reported in October 2018 that