Robinhood Adds Ethereum Classic To Its Trading App — Beating Coinbase To The Punch
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Robinhood Adds Ethereum Classic To Its Trading App — Beating Coinbase To The Punch

THELOGICALINDIAN - On Monday Robinhood Financial appear that it would barrage ethereum archetypal ETC on its trading belvedere authoritative it the sixth agenda bill it has listed This account comes one day afore Coinbase is to add ETC to its exchange

At $5.6 billion, Robinhood’s anew launched crypto-trading belvedere is growing. On Monday, it appear that it would activate acknowledging ethereum classic, alms ETC [coin_price coin=ethereum-classic] trading for barter active in one of the US acceptable states.

Robinhood has been accretion its casework on a state-by-state basis, acquisition the all-important licensing to accomplish in anniversary region. Earlier this year, the aggregation started in four states; California, Massachusetts, Missouri, and Montana, after accretion to 19 with Georgia and Iowa abutting best recently.

The trading belvedere has connected to access the cardinal of accurate cryptocurrencies accessible to users. At present, Robinhood traders can assignment in Bitcoin [coin_price], Ethereum, Litecoin, Bitcoin Cash, Dogecoin, and now Ethereum Classic.

The platform is additionally able of tracking bazaar abstracts for 10 added cryptocurrencies — which suggests closing affiliation into the platform. For now, users artlessly charge to add these agenda assets, which accommodate Zcash, Stellar, and Moreno, to their watchlist.

Robinhood

The efforts fabricated by Robinhood to accommodate ETC appear in ablaze of Coinbase’s agnate announcements. Last week, the Coinbase declared it was in the final stages of testing for the new cryptocurrency, reporting that ETC would be fabricated accessible on August 7th.

However, the advertisement categorical that this new advertisement would alone be attainable for users with Coinbase Pro and Coinbase Prime accounts and that ETC trading would not go into aftereffect immediately.

The company’s website explains:

The smaller, commission-free Robinhood has approved to advance its aggressive bend by introducing ETC trading afore its competitor. It is important that the aggregation continues to accumulate absorption from crypto-buyers and traders.

In June, back Coinbase went accessible with its affairs to abutment ETC, the amount of ethereum archetypal rose 23% in beneath than 24 hours. At the time, it was alien if the aggregation would account ETC credits to those who did not abjure their tokens afore Ethereum’s hardfork. Now the aggregation has clearly declared alone those with Pro and Prime accounts will accept a acclaim back ethereum was not accurate until afterwards the fork.

What are your thoughts on Robinhood’s barrage of ETC? Let us apperceive in the comments below!

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