ALBANY, N.Y.—Stock and crypto trading app Robinhood has received a BitLicense to operate in New York, according to the New York State Department of Financial
Services.
Robinhood now has permission to trade in seven cryptocurrencies — including Bitcoin, Ethereum, Bitcoin Cash and Litecoin — in the state of New York.
According to the DFS, Robinhood has additionally been granted a money transmission license.
The DFS has also approved a BitLicense for LibertyX, which is the first virtual currency license recipient that will allow its users to buy Bitcoin with debit cards from traditional ATMs, Cointelegraph reported.
LibertyX, which launched their first Bitcoin ATM in 2014, notes on their website that they have thousands of locations including debit kiosks and traditional ATMs that allow their customers to purchase Bitcoin, Cointelegraph said.
With the addition of Robinhood and LibertyX, the DFS has given approval for 16 firms in the sphere of digital currencies, Cointelegraph said.