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Robinhood Crypto App Adds Bitcoin Cash and Litecoin Trading

Robinhood Crypto App Adds Bitcoin Cash and Litecoin TradingThe 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. We’re happy to share that starting today, you can buy and sell Litecoin and Bitcoin Cash, commission-free.” Robinhood Crypto App Adds Bitcoin Cash and Litecoin Trading

From Three to Five Million Users

Robinhood Crypto App Adds Bitcoin Cash and Litecoin TradingRobinhood 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 company’s cryptocurrency trading service now supports, Robinhood also offers 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 it’s digital currency services were announced in January, Robinhood had an estimated user base of only about 3 million people and 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, we’ve 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. 
Images courtesy of Shutterstock, Robinhood.
Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post Robinhood Crypto App Adds Bitcoin Cash and Litecoin Trading appeared first on Bitcoin News.

Thai SEC: Only Seven Crypto Firms Authorized to Legally Operate in Thailand
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The Thai Securities and Exchange Commission (SEC) has announced the names of seven cryptocurrency firms that have been authorized to legally operate in the country. Five of them are crypto exchanges; two are cryptocurrency dealers. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Seve...

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Bitangels Co-Founder Sues AT&T for $224 Million Over Cryptocurrency Hack
Bitangels Co-Founder Sues AT&T for $224 Million Over Cryptocurrency Hack

The cryptocurrency investor Michael Terpin is suing the large telecom firm AT&T because his mobile phone was compromised by hackers who stole $24M USD worth of digital assets. Terpin says he was hacked twice in less than a year and employees at AT&T participated in a SIM swap fraud. Also rea...

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Five Benefits to a Bear Market
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We’ve been in a slump for a while now, and by the looks of it will remain in one for a good while longer. How long, how low, and how slow the recovery is anyone’s guess. If you’re reading these words, you’re still here, and thus it’s safe to assume you’re in this for the […] The post Five Bene...

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