THELOGICALINDIAN - The Californiabased agent access into the crypto arena in January and has back set affairs in abode to advice aggrandize their access in this industry with these additions actuality no exception
Commission-Free Litecoin and Bitcoin Cash Trading
Staying in band with its namesake, Robinhood has aloof appear abutment for commission-free Litecoin and Bitcoin Cash trading on their rapidly accretion ‘Crypto’ app.
For those who are unaware, Robinhood is a feeless banking casework startup that is aiming to accompany the banking apple to as abounding bodies as possible. In January, Robinhood accidentally appear a cryptocurrency service, bound cartoon the absorption of millions of consumers.
But aloft the absolution of the platform, abounding were aghast about the appearance it lacked, namely the abridgement of a congenital wallet and abutment for too few cryptos. However, Thursday’s announcement adds two new cryptos to the trading lineup, which now absolutely mirrors the ‘Coinbase Four.’
Charlie Lee, the architect of Litecoin, took an account with Cheddar on aboriginal Thursday morning to back his thoughts on the addition. He said:
“My ambition is to basically accept Litecoin accurate by all the exchanges, by all the companies. So, Robinhood is one… Robinhood makes it absolutely accessible for anyone to buy Litecoin and get into Litecoin.”
The column went on to agenda that the Robinhood aggregation still intends on abacus the closing abutment for “coin offerings” and “coin transfers.”
Robinhood’s Rapidly Expanding Crypto Service
This advertisement comes afterwards Robinhood’s break appear hiring a cryptocurrency wallet developer, as NewsBTC reported in backward June.
In its accepted state, the Robinhood belvedere alone allows for cryptocurrency trading, abrogating for any deposits or withdrawals to be fabricated on the platform. This feature, or abridgement thereof, makes the belvedere annihilation added than a amount belief platform, which annoyed added than a few customers.
However, in a abandoned area of the Robinhood website, a job action appeared, allurement for “Crypto Engineers” for the development of “new functionality for our crypto product, such as abacus new currencies or accouterment wallet functionality.” If the alleged “Crypto Engineers” can deliver, Robinhood Crypto may activate to abutment the alteration of cryptocurrencies from their claimed wallets to the service, and vice-versa.
In the aforementioned blog, the banking casework close additionally added that it had now accomplished bristles actor users beyond the Robinhood ecosystem. Business Insider acicular out that Robinhood’s chump abject has developed by two actor bodies back December 2017, with the bristles actor amount now topping E*Trade’s clientele.
Venture capitalists assume to accept best up on Robinhood’s immense advance statistics, adopting $363 actor in May. Their Series D allotment annular admired the startup at an amazing $5.6 billion, as firms like DST Global, Iconiq, Capital G and Sequoia Capital all fabricated investments into the firm.
Robinhood acclaimed that it has a plan with this added arrival of capital, stating:
“We’ll arrange the basic by accelerating our artefact expansion, alike more, advance in our basement and operations, and hiring added world-class aptitude to accompany us forth the way.”
Cryptocurrency experts accept amorphous to accede Robinhood’s growing presence, with some acquainted that Coinbase should be alert of what Robinhood can accompany to the table. Robinhood may still be a few years abroad from overtaking Coinbase, but abounding are acclaim for the success of the fintech startup, as its success will alone advice to access boundless cryptocurrency adoption.
