An announcement made on 12th July pointed out that the US-based crypto appRobinhoodhas listed to its no-commission trading platform two new cryptocurrencies Litecoin (LTC) and Bitcoin Cash (BCH). Diversification of company’s offer has been influenced by users’ requests.
In the same announcement, Robinhood announced that it now has more than 5 million users registered on the platform as a result of expanding its services to 17 U.S. states lately.
Availability in 17 U.S. states
The statement follows the report published in May that statesRobinhoodhas earned investments worth $ 363 million. The company revealed that it will use the funds to invest in more cryptocurrency trading pairs.
Currently, the no-fee stock trading application is available in 17 U.S. states: Arizona, California, Colorado, Florida, Indiana, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, Pennsylvania, Texas, Utah, Virginia, Wisconsin.
Through his interviews, Co-Founder and CEO of Robinhood App Baiju Bhatt, claimed he hopes to expand the platform services to the entire U.S. until the end of 2018 and transform the app into the largest cryptocurrency network.
It supports 16 cryptocurrencies
According to the website, you can buy/sell and use for real-time market data four crypto assets: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC), while only for real-time market data, Robinhood App supports additionally 12 cryptocurrencies, including famous Bitcoin Gold (BTG), Ethereum Classic (ETC), Monero (XMR), and Ripple (XRP). See more onRobinhood App.
According to CoinMarketCap, Litecoin (LTC) has a market cap of $4,451,574,102 and is traded at $77.58 (up 1.15%), while Bitcoin Cash (BCH) has outperformed its competitor with 2 positions by traded volume- ranking 4thand is traded at $ 698.75 (up 0.66%).