Financial services mobile app Robinhood had recently stated that the support for Litecoin (LTC) and Bitcoin Cash(BCH) on its Robinhood Crypto Platform.
Robinhood’s app has been preparing to further expand the coin offerings and add support for coin transfers, that the entire Robinhood platform has a reach of more than 5 million people.
Robinhood launched its zero-free crypto commerce platform in February, originally supporting Bitcoin (BTC) and Ethereum (ETH), with commerce offered for U.S. residents in California, Massachusetts, Missouri, Montana, and New Hampshire.
The app, which may currently be used across seventeen states, raised $363 million that could throughout a series which is funding spherical, so as to expand its crypto-platform U.S. worldwide.
Earlier this month, Robinhood had become the topic of rumors that they were launching their own cryptocurrency notecase once posting employment listing for cryptocurrency engineers.
Notably, Robinhood – valued at ~$US5.6 billion – created use of the announcement to tell their community that they had currently reached over five million individuals across the complete Robinhood platform.
Certainly, the fintech dealer has completed early success with regard to their goal of constructing it easy for the typical person to trade stocks, exchange-traded funds (ETFs), and choices.
There is no doubting that the release of Robinhood Crypto has helped onboard new customers to Robinhood’s brokerage platform. The cryptocurrency trading service has been consistently expanding into new American states ever since February, where only five states could access the smartphone app.
Robinhood Crypto now holds seventeen money transmitter licenses – and they are working hard to obtain more. Revealing the cryptocurrency market’s depressed conditions, the listing news out of Robinhood did little to the value of LTC or BCH.
According to the news published in Coin Telegraph, presently, both the top six-ranked coins (by market cap) are trading roughly flat over the past 24 hours – a slight improvement against the market.
The post Zero-Fee Trading Platform Robinhood Adds Bitcoin Cash (BCH) And Litecoin (LTC) appeared first on OWLT Market.
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