Robinhood Gears up for Expansion, LTC, BCH, DOGE Added As Tradable Tokens

Robinhood Gears up for Expansion, LTC, BCH, DOGE Added As Tradable Tokens
фото показано с : blokt.com

2018-7-17 16:09

Trading app Robinhood seems bent on expanding its cryptocurrency trading platform. Known for its commission-free trading feature, the company just added three new cryptocurrencies, expanding its roster of digital currencies and giving clients more options.

Robinhood Adds Litecoin, Bitcoin Cash, Dogecoin

Robinhood seems unaffected by the recent sluggish crypto market and is now giving more options for its clients registered with the firm’s crypto-trading platform. According to CNBC, the firm is now adding two more cryptos — Litecoin and Bitcoin Cash — in its roster of available tokens for trading. However, a quick look at Robinhood’s website reveals that it has added another token to the list — Dogecoin.

This brings the total number of cryptos that can be traded on Robinhood’s platform to five. According to its website, Robinhood Crypto now supports the selling and buying of Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH) and Litecoin (LTC). Market data for these currencies are likewise made available on the platform.

Platform Adds Alert for 16 Cryptos

Robinhood also introduced a new feature that would make it easier for investors to follow the crypto market. According to Business Insider, clients of the platform can now create price alerts for 16 cryptocurrencies, as well as monitor market data and read the latest industry news.

Robinhood made its entry into cryptocurrency in February 2018, when it launched its crypto-trading service. At the moment, the platform is available in 17 states in the US, but expansion plans are already on the horizon.

Customer Demands Influenced Platform’s Decision

At a time when crypto prices are depressed, Robinhood’s decision to add two more cryptocurrencies to its roster may sound surprising. However, it now appears that the clamor to add more options came from its clients.

Robinhood explained in a post:

“Since we launched Robinhood Crypto in February, our customers have voiced interest in buying and selling other cryptocurrencies beyond Bitcoin and Ethereum.”

Indeed, Robinhood’s entry into the crypto market was seen as bad news for Coinbase, the current number one crypto exchange in the US. Unless Coinbase does something about it, market watchers predict that Robinhood is poised to grab more market share in the future and might even become a strong contender for market dominance.

Robinhood’s competitive advantage lies in the fact that the firm allows users to use its trading platform for free. On the other hand, Coinbase typically imposes around a 2 percent fee for transactions done using its platform.

Robinhood Gears up for Expansion, LTC, BCH, DOGE Added As Tradable Tokens was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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robinhood added trading cryptocurrency expanding giving bitcoin

Источник: blokt.com

robinhood added → Результатов: 10


As it was announced yesterday, the California-based fintech firm Robinhood would be listing Dogecoin on its quickly growing feeless crypto mobile app. This news came just after it was revealed that Robinhood would add support for Litecoin and

Financial services mobile app Robinhood has added support a peer-to-peer digital currency called Dogecoin (DOGE) on its Robinhood Crypto Platform. As it was announced yesterday, the California-based fintech firm Robinhood would be listing Dogecoin (DO)GE) on its quickly growing feeless crypto mobile app.

2018-7-17 18:40


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