U.S BASED ROBINHOOD INVESTING APP ADDED TWO CRYPTOS LITECOIN AND BITCOINCASH
U.S.- based portable stock exchanging application Robinhood has added two new digital forms of money to its no-expense exchanging administration.
The organization said in a declaration on Thursday that litecoin and bitcoin money have been included for Robinhood Crypto clients following solid request from clients for crypto resources past the present alternatives of bitcoin and ethereum.
As a major aspect of the declaration, Robinhood additionally guaranteed it currently has more than 5 million clients on the stage following extension of its crypto exchanging administration to 17 U.S. states.
The news takes after a report in May that Robinhood brought $363 million up in a Series D subsidizing round, which the organization said would enable it to offer more crypto exchanging sets in more markets in the U.S.
At the time, Robinhood Crypto was accessible in 10 states. From that point forward, crypto exchanging has been opened up crosswise over Utah, Virginia, Pennsylvania, Arizona, Indiana, New Jersey and Texas.
The organization's prime supporter and co-CEO Baiju Bhatt already said he anticipates that Robinhood Crypto will have the capacity to cover the whole U.S. before the finish of 2018 as a component of an arrangement to wind up one of the biggest cryptographic money stages.
As beforehand announced by CoinDesk, Robinhood propelled the crypto exchanging administration in February, offering bitcoin and ethereum exchanging sets in five states.