Stock trading app Robinhood has gathered $363 mln to expand its business to every state of the US according to a press release from the website of the company. The Series D of funding made Robinhood worth $5.6 billion which means that the company is the second most valuable fintech startup according to Fortune magazine’s report.

Investors include DST Glodal, Sequoia Capital, Kleiner Perkins, Iconiq Capital and Capital G. Two companies have been long term investors, namely NEA and Thrive Capital.

Robinhood has a clear vision to offer trading in every part of the States, however currently they only offer trading options in 10 of them. The currently ongoing changes eventually would eventually allow Robinhood to offer trading in 16 different cryptocurrencies with zero trading fees in the near future, expressed co-CEO Baiju Bhatt to Fortune.

The above mentioned investors also believe that the platform is going to have a bright future:

“Robinhood’s product cadence has been very impressive,” added Andrew Reed, a partner at Sequoia Capital. “We invested because we think that Robinhood has the potential to bring its low-cost and user-first approach to revolutionize large portions of financial services.”

Important to note, that Robinhood has already registered with the SEC, which is really an achievement as the leading platform. Coinbase can’t claim the same and this might mean that we finally get to see a true competitor emerging.