Robinhood CryptoJanuary 27, 2018
The popular commission-free trading app, Robinhood, is now getting involved in the cryptocurrency space. At the time of writing this article, they have received 698,002 users register for an early access account.
They reached a quarter of a million in the first 8 hours of launching.
The current crypto coins that the Robinhood trading platform will support are:
- Bitcoin Cash
- Bitcoin Gold
- Ethereum Classic
We covered other cryptocurrency apps and platforms here.
Robinhood has been a very successful trading platform, mainly for the younger generation dipping their toes into the world of investing. They reached a value of $1.3 billion in May 2017. With the launch of the Robinhood crypto app, this will surely give the company another positive push.
This is good news for crypto in general as it should help bring more people into the market. The app will feature a simplified interface so trading cryptocurrency will be a breeze.
The app will search multiple cryptocurrency exchanges to find the lowest price for the user. It will also be easier to invest in particular coins which usually involve creating accoutns on multiple exchanges and converting coins into other coins.