The stock trading mobile app Robinhood is to allow customers in 3 million US states to trade cryptocurrencies, with bitcoin and ether due to become tradable this month. "Cryptocurrencies have become the first foray into investing and financial services to a large number of people," said Robinhood co-founder Vlad Tenev, adding: "Now it's become more and more clear [that bitcoin is an] investing asset." The Robinhood app is popular among millennial users, with 78% of its five customers aged between 18 and 35. The crypto-trading functionality will initially be available in California, Massachusetts, Missouri, Montana and New Hampshire.
The stock trading mobile app Robinhood is to allow customers in five US states to trade cryptocurrencies, with bitcoin and ether due to become tradable this month. "Cryptocurrencies have become the first foray into investing and financial services to a large number of people," said Robinhood co-founder Vlad Tenev, adding: "Now it's become more and more clear [that bitcoin is an] investing asset." The Robinhood app is popular among millennial users, with 78% of its 3 million customers aged between 18 and 35. The crypto-trading functionality will initially be available in California, Massachusetts, Missouri, Montana and New Hampshire.