Robinhood adds zero-fee cryptocurrency trading and tracking

Here is the article from Business Insider

Robinhood, the free stock trading app, is going to offer free bitcoin and ethereum trading in February.
The company says the services will provide users a superior experience to existing cryptocurrency trading platforms.

Robinhood, the California brokerage known for popularizing free stock trading, is diving into the world of cryptocurrencies with Robinhood Crypto.

The firm announced Thursday that users in 5 states would be able to trade Ethereum and bitcoin 24/7 on its app for free starting in February. Customers can currently track 16 cryptocurrencies including bitcoin, ethereum, litecoin, and Dash.

Baiju Bhatt, the cofounder of Robinhood, told Business Insider that cryptocurrencies are something he and his cofounder Vlad Tenev have been thinking about for a while.

"Back in 2010 or 2011 we were mining bitcoin," Bhatt said in a telephone interview. "If we noticed one thing about cryptocurrencies it is that they have this incredible resiliency to them."

Robinhood, which has been a darling of younger and inexperienced traders, has been expanding its offerings over the course of the last year. The company rolled out margin trading via Robinhood Gold, and late last year it launched a web platform and started offering free options trading.