Robinhood Expands Cryptocurrency Trading With Bitcoin Cash and Litecoin

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The renouned trade app Robinhood is adding Bitcoin Cash and Litecoin to the platform.

Robinhood added crypto to the mobile batch investing app in February, and offers Bitcoin and Ethereum trade in Arizona, California, Colorado, Florida, Indiana, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, Pennsylvania, Texas, Utah, Virginia and Wisconsin.

The further of Bitcoin Cash and Litecoin in the singular list of states is part of Robinhood’s augmenting seductiveness in cryptocurrency markets. It will also extend the no-fee trade offer, a plan that has made the app renouned among Millennials.

Since the Securities and Exchange Commission (SEC) dynamic that Bitcoin and Ethereum are not securities, it tangible the singular regulatory risk for an sell that adds coins with identical characteristics – quite those are used as currencies and are decentralized.

Bitcoin Cash, created on Aug 1, 2017, is a hard flare of Bitcoin. Litecoin, created in Oct of 2011, is a flare of the Bitcoin Core client. They are the fourth and sixth largest cryptocurrencies by market cap at $11.4 billion and $4.3 billion, respectively.

Robinhood has shielded the use of not charging trade fees, notwithstanding competitors claiming that the miss of income era leads to reduce standards and compromised quality.

“No one does trade for free. It’s just a matter of how you’re profitable for it. If someone offers trade at a zero-dollar elect price, then they’re simply creation it up in other manners. To contend you’re doing a trade for giveaway is just disingenuous. If you’re shopping one share of Apple, maybe you don’t caring that your execution peculiarity isn’t the top it could be. If you’re shopping a thousand shares of Apple, you caring a lot.” – Walt Bettinger, CEO Charles Schwab

The fintech startup, launched in 2013, credits the bomb expansion on carrying efficient, modernized systems that work but fax machines and other bequest collection that can emanate drag and bloat. Valued at $5.6 billion, Robinhood has surpassed E-Trade in user numbers and is now one of the largest options brokers in the world with the abounding batch brokerage service.

As for generating increase from cryptocurrency trading, the association says it’s more focused on flourishing the crypto ecosystem than creation any income from it.

Disclaimer: Opinions voiced at The Daily Hodl are not investment advice. Investors should do their due industry before creation any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your possess risk. Any waste you might catch are your responsibility. Please note that The Daily Hodl participates in associate marketing.

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Article source: https://dailyhodl.com/2018/07/12/robinhood-expands-cryptocurrency-trading-with-bitcoin-cash-and-litecoin/

Robinhood Expands Cryptocurrency Trading With Bitcoin Cash and Litecoin

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The renouned trade app Robinhood is adding Bitcoin Cash and Litecoin to the platform.

Robinhood added crypto to the mobile batch investing app in February, and offers Bitcoin and Ethereum trade in Arizona, California, Colorado, Florida, Indiana, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, Pennsylvania, Texas, Utah, Virginia and Wisconsin.

The further of Bitcoin Cash and Litecoin in the singular list of states is part of Robinhood’s augmenting seductiveness in cryptocurrency markets. It will also extend the no-fee trade offer, a plan that has made the app renouned among Millennials.

Since the Securities and Exchange Commission (SEC) dynamic that Bitcoin and Ethereum are not securities, it tangible the singular regulatory risk for an sell that adds coins with identical characteristics – quite those are used as currencies and are decentralized.

Bitcoin Cash, created on Aug 1, 2017, is a hard flare of Bitcoin. Litecoin, created in Oct of 2011, is a flare of the Bitcoin Core client. They are the fourth and sixth largest cryptocurrencies by market cap at $11.4 billion and $4.3 billion, respectively.

Robinhood has shielded the use of not charging trade fees, notwithstanding competitors claiming that the miss of income era leads to reduce standards and compromised quality.

“No one does trade for free. It’s just a matter of how you’re profitable for it. If someone offers trade at a zero-dollar elect price, then they’re simply creation it up in other manners. To contend you’re doing a trade for giveaway is just disingenuous. If you’re shopping one share of Apple, maybe you don’t caring that your execution peculiarity isn’t the top it could be. If you’re shopping a thousand shares of Apple, you caring a lot.” – Walt Bettinger, CEO Charles Schwab

The fintech startup, launched in 2013, credits the bomb expansion on carrying efficient, modernized systems that work but fax machines and other bequest collection that can emanate drag and bloat. Valued at $5.6 billion, Robinhood has surpassed E-Trade in user numbers and is now one of the largest options brokers in the world with the abounding batch brokerage service.

As for generating increase from cryptocurrency trading, the association says it’s more focused on flourishing the crypto ecosystem than creation any income from it.

Disclaimer: Opinions voiced at The Daily Hodl are not investment advice. Investors should do their due industry before creation any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your possess risk. Any waste you might catch are your responsibility. Please note that The Daily Hodl participates in associate marketing.

Check Out the Latest Headlines




Article source: https://dailyhodl.com/2018/07/12/robinhood-expands-cryptocurrency-trading-with-bitcoin-cash-and-litecoin/

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