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Topic: [13-07-2018] Robinhood Adds Bitcoin Cash and Litecoin to its Trading Platform (Read 105 times)

full member
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Looks like all usage of crypto is to be traded and nothing more) Tired from such news, waiting for real good news that someone starts to use the famous blockchain and not just another exchange)
newbie
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Robinhood announced Monday that its customers can now invest in ethereum classic (ETC), just a day before Coinbase adds the option too.

The company said in a blog post that the option went live today on its Robinhood Crypto app, adding that only those in the 19 U.S. states with access to the service can trade ETC at this time.

Users can also trade in bitcoin, ethereum, bitcoin cash, litecoin and dogecoin, "as well as track market data for 10 other cryptocurrencies," the post states.Wow ETC on robinhood
jr. member
Activity: 140
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Popular stock trading platform Robinhood that made Bitcoin (BTC) and Ethereum’s ether (ETH) exchangeable in February has just added Bitcoin Cash and Litecoin to its selection of tradable cryptocurrencies.

The California-based Robinhood took to uploading a blog post in order to break the listing news, telling their users that they can now buy and sell Litecoin and Bitcoin Cash, commission-free” on Robinhood Crypto.

Although Robinhood does not impose commissions or commercial fees, it does seek to obtain profits through cryptocurrencies through the sale of Bitcoin and other coins to investors. But the high volatility of the cryptocurrency has made that a difficult proposition.

Co-founder of Robinhood Vladimir Tenev told Fortune that the company is less concerned with immediate gain and instead focused on long-term growth.

“We don’t intend to make very much money on it at all for the foreseeable future…The thinking behind that is what we’re really doing is building an ecosystem. Right now the products are investment products, so crypto slots in very nicely alongside the 10,000 plus other instruments that people can trade.”

Read More: https://news.bitzamp.com/robinhood-zero-fee-crypto-trading-platform-adds-bitcoin-cash-bch-and-litecoin-ltc/
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