Robinhood Adds Support for Litecoin and Bitcoin Cash
Robinhood, the popular commission-free trading app, announced today that it now supports the buying and selling of Litecoin (LTC) and Bitcoin Cash (BCH). The new additions will join Bitcoin (BTC) and Ethereum (ETH) as available trading options for Robinhood investors.
— Robinhood (@RobinhoodApp) July 12, 2018
According to the announcement, the decision was made after feedback from Robinhood users who wanted more expansive trading options.
Investors may also monitor the price action of notable digital currencies in the Robinhood app, including Ripple (XRP), Ethereum Classic (ETC), Zcash (ZEC), Monero (XMR), Dash (DASH), Stellar (XLM), Qtum (QTUM), Bitcoin Gold (BTG), OmiseGo (OMG), NEO (NEO), Lisk (LSK), and Dogecoin (DOGE).
This news comes just weeks after a recent job posting revealed that Robinhood is hiring engineers to build out new functionality for the company’s crypto offerings, which includes adding new currencies and providing “wallet functionality.”
Just days prior, insiders shared that Robinhood is in early discussions with regulators to begin offering banking products. These products could be made possible either through licensing or partnering with an existing bank.
Robinhood is currently available to United States investors in 17 states: AZ, CA, CO, FL, IN, MA, MI, MS, MO, MT, NJ, NM, PA, TX, UT, VA and WI.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.