Litecoin, Bitcoin Cash Are Latest Crypto Additions to Robinhood Investing App

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U.S.-based cellular stock trading program Robinhood has added two new cryptocurrencies to its no fee trading service. The company stated In a statement on Thursday that litecoin and bitcoin money were added for Robinhood Crypto users following strong demand from clients for crypto assets beyond the present options of bitcoin and ethereum. As part of the statement, Robinhood also promised it has more than 5 million consumers on the platform following the expansion of its crypto trading service to 17 U.S. States. The news follows a report in May that Robinhood increased $363 million in a Series D financing round, which the firm said would allow it to provide more crypto trading pairs in more markets in the U.S.

At that time, Robinhood Crypto was available in 10 states. Since that time, crypto trading has been opened over Utah, Virginia, Pennsylvania, Arizona, Indiana, NJ and Texas. The organization’s co creator and co workers Chief executive officer Baiju Bhatt previously said he anticipates Robinhood Crypto to be in a position to cover the total U.S. By the end of 2018 as part of a plan to become among the largest cryptocurrency platforms. As previously reported by CoinDesk, Robinhood established the crypto trading agency in Feb, supplying bitcoin and pairs of etheric trade in five states. Robinhood image via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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