Robinhood can get a banking license in the US


The creators of Robinhood, a mobile application for trading in shares and cryptocurrency are negotiating with the US Treasury for a banking license.

As the newspaper notes, the beginning of work with savings accounts can be a signal about wider changes in the industry. Nevertheless, while this is hampered by US banking legislation.

When the company announced in late January that it will add support for bitcoin (BTC) and Ethereum (ETH), its audience has increased to almost 1 million people.

A month after the official launch of the application in February, Robinhood was valued at $ 5.6 billion, and its services has spread to five US states.