Compound

Tezos

Shiba Inu

Avalanche

Stellar

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Commission-free investing app Robinhood has&nbsp;<a href="https://x.com/RobinhoodApp/status/1838564257237209483" rel="noopener noreferrer nofollow">announced</a> that Tezos (XTZ), Stellar (XLM), and Uniswap (UNI) can now be traded by New York residents.&nbsp;
As&nbsp;<a href="https://u.today/shiba-inu-shib-now-available-to-robinhood-customers-in-new-york-alongside-these-coins" rel="noopener noreferrer nofollow">reported by U.Today</a>, Robinhood also added Shiba Inu (SHIB), Compound (COMP), and Avalanche (AVAX) to the list of cryptocurrencies that are available for New Yorkers in April.&nbsp;
In addition, Robinhood has clarified that it is currently awaiting regulatory approval for enabling crypto transfers in certain states.&nbsp;
New York is particularly known for having a very stringent regulatory regime. Due to this fact, some industry participants view it as one of the most anti-crypto states in the US. Companies that want to engage in cryptocurrency business activities in the state are supposed to obtain the so-called "BitLicense." Due to this requirement, many crypto companies tend to block customers from the state.&nbsp;
Robinhood, which added zero-fee cryptocurrency trading back in 2019, managed to obtain a BitLicense back in 2019. The license made it possible for New York residents to trade Bitcoin as well as several major altcoins.&nbsp;
Over the past two years, Robinhood has been gradually expanding the list of available cryptocurrencies. For instance, the app started supporting XLM&nbsp;<a href="https://u.today/stellar-xlm-and-avalanche-avax-now-supported-by-robinhood" rel="noopener noreferrer nofollow">back in August 2022</a>. During the same month, the popular investment app was slapped with a $30 million fine by the New York State Department of Financial Services (NYSDFS) over its failure to adhere to cybersecurity and anti-money laundering regulations. Notably, this was the very first crypto enforcement action initiated by the financial regulator.&nbsp;

These Three Major Coins Now Available for Robinhood’s New York Users

U_Today

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