Published on July 12th, 2018 | by bitcoin0
Investing app robinhead increases to crypto offering
Notably since that time, Bitcoin has lost almost 65 percent of its value and now is trading for around $6,188 according to data from CoinMarketCap.Com.
On Tuesday, the company made an official statement saying Litecoin and Bitcoin Cash are going to widen the Robinhood crypto offerings.
The platform’s decision to add Litecoin and Bitcoin Cash is not surprising as the cryptocurrencies come with little regulatory risk, based on recent guidance from the SEC.
Currently, Robinhood is offering a seamless cryptocurrency trading in 17 U.S.states, including California and Texas, while it navigates licensing requirements in the rest of the country.
With the addition of Litecoin and Bitcoin Cash, the firm also unveiled its plans to add support for coin transfers, likely confirming reports that Robinhood is building an in-app cryptocurrency wallet.