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

Litecoin, bitcoin cash are latest crypto additions to robinhood investing app

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

Litecoin, bitcoin cash are latest crypto additions to robinhood investing app

U.S.-based mobile stock trading app Robinhood has added two new cryptocurrencies to its no-fee trading service.

The company said in an announcement on Thursday that litecoin and bitcoin cash have been added for Robinhood Crypto users following strong demand from customers for crypto assets beyond the current options of bitcoin and ethereum.

As part of the announcement, Robinhood also claimed it now has over 5 million users on the platform following expansion of its crypto trading service to 17 U.S. states.

The news follows a report in May that Robinhood raised $363 million in a Series D funding round, which the company said would allow it to offer more crypto trading pairs in more markets in the U.S.

At the time, Robinhood Crypto was available in 10 states. Since then, crypto trading has been opened up across Utah, Virginia, Pennsylvania, Arizona, Indiana, New Jersey and Texas.

The company’s co-founder and co-CEO Baiju Bhatt previously said he expects Robinhood Crypto to be able to cover the entire U.S. by the end of 2018 as part of a plan to become one of the largest cryptocurrency platforms.

As previously reported by CoinDesk, Robinhood launched the crypto trading service in February, offering bitcoin and ethereum trading pairs in five states.

Robinhood image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Published at Thu, 12 Jul 2018 13:00:36 +0000

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Paging Doctor Oz! A patient calling itself The United States wandered into the emergency room disoriented, wearing a filthy warm-up suit, claiming it was “the greatest” this and that… but was unable to complete the nine-page admission protocol or present valid insurance ID. Patient is growing increasingly violent, threatening staff and other patients….

Nations do develop something like Alzheimers. Perhaps you haven’t noticed that for some time now nothing sticks in the national brain-pan – if that’s what we can call the news media and its analogs on the Web waves. For months, an obsession about “Russian interference in the election” raged through the left lobe of the national consciousness. Then, about a week ago, it vanished utterly. Grandpa suffered similar delusions about the Russians meddling with “our precious bodily fluids.” (Paging Doctor Strangelove.)

Not so far back as last summer, a candidate named Trump un-ironically called for “an end to endless war in the Middle East.” The oft-applied policy of “regime change,” he said, was not working out in the various US-engineered failed states such as Libya, Iraq, Somalia, Yemen, Ukraine. About two weeks ago, I seem to recall, the State Department even declared explicitly that we had no brief for regime change in the case of one Bashar al-Assad over in Syria.

Then there was something in the wifi waves about a poison gas attack. The evidence as to exactly who perpetrated it looked, how-you-say, not altogether convincing. This evidence amounted to the US Intel services, in their aggregate omniscience, asserting that, “yes, it was so that this weasel Assad bombed his people with Sarin.” Wolf Blitzer and Rachel Maddow ran so hard with the story that they vanished over the horizon.

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