55thstreet / Flickr

Robinhood, the popular commission-free trading app, announced this week that residents of Georgia can now buy and sell cryptocurrencies directly on the mobile platform.

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. Dogecoin brings the list of tradeable assets to five, which also includes as Litecoin (LTC), Bitcoin Cash (BCH), Bitcoin (BTC) and Ethereum (ETH).

The state-by-state approach for opening cryptocurrency trading is due to the unique regulations found within each state. Ultimately, this approach will allow for a fully compliant platform, which makes sense since Robinhood is in early discussions with regulators to begin offering banking products.

Residents of GA now join investors from 17 other states, including AZ, CA, CO, FL, IN, MA, MI, MS, MO, MT, NJ, NM, PA, TX, UT, VA and WI.

Related: Robinhood Adds Commission-Free Dogecoin Trading
Similar: Robinhood Adds Support for Litecoin and Bitcoin Cash
Photo: 55thstreet / Flickr

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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