Litecoin, Bitcoin Cash Are Latest Crypto Additions to Robinhood Investing App
U.S.-based cellular stock trading app Robinhood has added two new cryptocurrencies to its no-fee trading support. The business stated in a statement on Thursday that litecoin and bitcoin cash are inserted for Robinhood Crypto users after strong demand from clients for crypto resources beyond the current options of bitcoin and ethereum.
As part of the statement, Robinhood also claimed it has more than 5 million users on the stage after the growth of its crypto trading service to 17 U.S. nations. The news follows a report in May that Robinhood raised $363 million in a Series D financing round, which the firm said would let it provide more crypto trading monies in more markets in the U.S.
At the moment, Robinhood Crypto was accessible in 10 nations. Since That Time, crypto trading has been opened up across Utah, Virginia, Pennsylvania, Arizona, Indiana, New Jersey and Texas. The company’s co-founder and co-CEO Baiju Bhatt previously said he anticipates Robinhood Crypto to have the ability to cover the entire U.S. by the end of 2018 within a plan to become one of the most significant cryptocurrency platforms.