• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Crypto
Nexo Logo

Crypto Wheels Still Turning in US, Robinhood Exchange Awarded BitLicense

Martin Young by Martin Young
4 years ago
in Uncategorized
Reading Time: 2 mins read
Advertisement

Wheels are still turning in the US crypto industry despite the month long government shutdown. At least they are in New York anyway where crypto exchange Robinhood has just been granted a BitLicense to open up shop.

Robinhood Coming to New York

The commission free crypto startup that has become a huge hit with millennials proudly announced that it is ‘coming to New York’ in a blog post yesterday. The company added that the new license marks another important step towards its mission of democratizing the financial system. The New York Department of Financial Services (DFS) has granted Robinhood an elusive BitLicense, which only a handful of crypto companies, including Genesis Trading and Square, have attained. Financial Services Superintendent, Maria T. Vullo, added “DFS continues to lead the way in responsibly supervising and advancing innovation in New York’s flourishing financial technology sector through a strong state-based regulatory regime,”

Robinhood is currently available in over 30 states nationwide and has expanded across the US since its early beginnings in January last year. The company received over a million signups in just a few days during the crypto peak when it announced a no commission trading platform. It was seen as a potential rival to Coinbase which had the monopoly on things back then, in addition to heavy fees and commissions and a long list of customer complaints.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Robinhood has weathered the bear market well expanding from four initial US states to well over half of them. It has also expanded the number of cryptocurrencies listed and currently has seven of them available to its users, which now includes New Yorkers.

In addition to the BitLicense the DFS also approved a LibertyX license which is the first virtual currency licensee to allow customers to use debit cards to purchase Bitcoin from traditional ATMs. According to the official press release LibertyX co-Founder and chairman, Kyle Powers said, “LibertyX loves New York bitcoiners. We are excited to bring them an instant way to buy Bitcoin at a nearby location.” While co-Founder and Co-CEO of Robinhood, Vlad Tenev, added;

“This will complement the larger suite of investment services that New Yorkers already have access to on the Robinhood platform. The NYDFS has been very helpful throughout this process, and we look forward to their ongoing guidance as we prepare to launch Robinhood Crypto in New York,”

New York continues to advance as one of the more pro-active states when it comes to crypto and fintech. The frustration for the crypto industry in the rest of the US lies with the prolonged heel dragging from the SEC and CFTC at the behest of the current administration.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!
Image from Shutterstock
Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.
Tags: bitlicenseDFSlibertyxNew YorkRobinhood
Tweet123Share212ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Related Posts

SOL

SOL Makes Another Shot At $44, After Two Failed Attempts This Week

15 mins ago
Cosmos

Cosmos Hub Soars Over 5% Within 24 Hours – ATOM Up 13% In Last Week

2 hours ago
7 Best Altcoins Everyone is Talking About

7 Best Altcoins Everyone is Talking About

6 hours ago
Ethereum

TA: Ethereum Gearing For Another Lift-Off to $2k: Rally Isn’t Over Yet

6 hours ago
Future of Content: How Web 3.0 Revolutionizes Approach to the Creator Economy

Future of Content: How Web 3.0 Revolutionizes Approach to the Creator Economy

7 hours ago
Bitcoin

TA: Bitcoin Price Tops Near $25K, Why Dips Might Be Limited

9 hours ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

WEB5 Inu ($WEB5) launches the next-generation Decentralized Finance (DeFi) cryptocurrency

August 12, 2022

GNOX (GNOX) Presale Sell-out Causing Dogecoin (DOGE) And Fantom (FTM) Holders To Flock In For Launch

August 12, 2022

Biggest Profits Likely From Uniglo (GLO), Near Protocol (NEAR) And Fantom (FTM)

August 12, 2022

Nexus Dubai (NXD) Project Obtains First Cryptocurrency Exchange License in Dubai

August 12, 2022

AscendEX Lists Lovely Inu (LOVELY), a DeFi Meme Platform

August 12, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.