Robinhood Crypto App Adds Bitcoin Cash and Litecoin Trading

Robinhood Crypto App Adds Bitcoin Cash and Litecoin Trading

The Robinhood Crypto app now supports bitcoin cash (BCH) and litecoin (LTC) trading. Thanks to adding the cryptocurrency service, the app has achieved rapid growth and is now boasting a user base of 5 million people, up from just 3 million before.

Also Read: Bitcoin in Brief Thursday: Crypto Phones, Spy Games, Binance CEO vs Vitalik

BCH and LTC on Robinhood

Robinhood Financial LLC, the Palo Alto-headquartered US stocks brokerage app, has announced today that it added support for trading two new cryptocurrencies to its trading app. bitcoin cash (BCH) and litecoin(LTC), which were previously just tracked. The two cryptocurrencies are now available for live trading on Robinhood Crypto alongside the previous two options, BTC and ETH.

The company stated that: Since we launched Robinhood Crypto in February, our customers have voiced interest in buying and selling other cryptocurrencies beyond Bitcoin and Ethereum. Were happy to share that starting today, you can buy and sell Litecoin and Bitcoin Cash, commission-free.

From Three to Five Million Users

Robinhood Crypto is currently available in seventeen states: AZ, CA, CO, FL, IN, MA, MI, MS, MO, MT, NJ, NM, PA, TX, UT, VA, and WI. And the company revealed that it plans to further expand its cryptocurrency offerings and also add support for coin transfers. Besides the four coins that the companys cryptocurrency trading service now supports, Robinhood alsooffers market data on a total of sixteen cryptocurrencies including bitcoin core, ethereum, bitcoin cash, litecoin, ripple, ethereum classic, zcash, monero, dash, stellar, qtum, bitcoin gold, omisego, neo, lisk, and dogecoin.

The addition of Crypto seems to have really paid off for the company in terms of growth. Before its digital currency services were announced in January, Robinhood had an estimated user base of only about 3 million peopleand now it gained 2 million more. The company said: Thank you for all of your enthusiasm and product feedback, especially over the past several months. Together, weve reached over 5 million people across the entire Robinhood platform, and we look forward to sharing Robinhood with millions more so everyone can participate in the financial system.

Are you looking forward to trading BCH and LTC with the Robinhood Crypto app? Share your thoughts in the comments section below.

The post Robinhood Crypto App Adds Bitcoin Cash and Litecoin Trading appeared first on Bitcoin News.

12.07.2018 / 09:50 99
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