The zero-fee crypto trading platform and mobile app, Robinhood, recently added support for Litecoin (LTC) and Bitcoin Cash (BCH). The news comes from a blog post on the site published on July 12, where Robinhood announces that they are planning to:
“further expand our coin offerings and add support for coin transfers, maxing out the reach of more than 5 million people.”
Launched in February 2018, Robinhood originally supported Bitcoin (BTC) and Ethereum (ETH) only, with trading available in only five US states (California, Missouri, Massachusetts, Montana and New Hampshire).
After it raised $363 million in May during its series D funding round, the app can now be used across in 17 states and is looking to further expand its services. Right now, the plan for Robinhood is to expand to all states in the US.
Previously, Robinhood has become the subject of rumors that they were launching their own cryptocurrency wallet after posting a job listing for cryptocurrency engineers. In June 2018, the co-founder and co-CEO of Robinhood, Baiju Bhat, said that he believes sovereign nations will eventually have crypto as their “default currency.”
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