Commission free cryptocurrency trading platform, Robinhood, have announced plans that will see the company embark on a large scale expansion into Georgia (United States) in a move that will see the state added as the 18th for Robinhood.
The pace of Robinhood’s expansion is doing great things for cryptocurrency adoption in the United States, by giving more and more people access to fair priced cryptocurrency trading. From the start of the Robinhood saga, the platform was only available in four states, with this in mind, their expansion is pretty clear.
Robinhood Crypto is coming to Georgia, and we’re feelin’ peachy! Trade cryptocurrencies, commission-free. 🍑 pic.twitter.com/8eX57gv8sw
— Robinhood (@RobinhoodApp) 2 August 2018
This follows Robinhood’s most recent move into Iowa and of course, the well documented listings of Bitcoin, Ethereum, Bitcoin Cash and Litecoin within the platform.
According to Cryptoglobe, this fast paced development comes off the back of a funding round that has seen the company raise $363 million in order to actually fund the companies progression and future prospects. According to Cryptoglobe:
“The announcement comes shortly after the company added bitcoin cash, litecoin, and dogecoin to its platform. Its cryptocurrency trading service is expanding partly thanks to a funding round in which the company raised $363 million at a $5.6 billion valuation.”
The CEO of Robinhood, Baiju Bhatt believes that one day, cryptocurrencies will replace all FIAT currencies and that therefore, its important for Robinhood to get full international scope now before crypto reaches the mainstream, simply so that they can be a part of it. According to Cryptoglobe, Bhatt has said:
“I think sovereign nations are going to have cryptocurrencies as their default currencies at some point. I think this is largely inevitable, whether that happens next year or in 15 years I don’t know but I’m almost 100% convinced that’s going to happen.”
You can see the full article for yourself, here.
Robinhood are on their way to United States domination. After that, the next stop must be the rest of the world. Bhatt and the team are innovative and forward thinking and therefore, we believe Robinhood have a long way to go.