Robinhood expands crypto offerings

Trading app tries to repair a 'rigged' financial system

Robinhood, a giveaway trade height for bonds and cryptocurrency, is expanding the crypto offerings over Bitcoin and Ethereum to embody Litecoin and Bitcoin Cash.

Robinhood Crypto has been usually adding states where the use is available. Currently investors can buy and sell the 4 coins in 17 states, including California, New Jersey, Florida and Massachusetts, with more states apropos available in the future.

Robinhood began charity users the ability to trade Bitcoin and Ethereum — the tip two cryptocurrencies by marketplace capitalization — in February. Since then, investors have voiced seductiveness in trade other cryptocurrencies, according to the company announcement.

Litecoin, the world’s sixth-largest cryptocurrency, rose in value progressing this week on news that the Litecoin Foundation was partnering with payments height TokenPay. Under the deal, the substructure perceived a 9.9% interest in WEG Bank in Germany. In return, Litecoin will assist in the growth of TokenPay’s cryptocurrency and business operations.

Last year Bitcoin Cash, now the fourth-largest cryptocurrency by marketplace capitalization, separate from Bitcoin in a bid to lapse to an original prophesy of being a peer-to-peer electronic money system. The outcome of a flare in the Bitcoin​ blockchain ledger, Bitcoin Cash prioritizes the ability to scale up and routine exchange quick enough to be used for payments.

Robinhood’s enlargement into crypto, directed at creation trade cryptocurrencies easier and more permitted to investors, helped the association boost the strech to 5 million users opposite the platform. But all investors should be wakeful that investing in cryptocurrency is suppositional and the marketplace is generally unregulated.

Robinhood Crypto continues to offer users cryptocurrency marketplace information and the event to emanate cost alerts for a sum of 16 coins, including Ripple, Ethereum Classic, Bitcoin Gold, Lisk, and Dogecoin.

Article source: https://money.cnn.com/2018/07/12/investing/robinhood-crypto/index.html

Leave a Reply