The competition for who will be the main leader in online cryptocurrency trading world was increased as Robinhood, one of the major platforms, announced an update in its trading platform. Although many did not expect much to happen presently due to the bearish nature of the market, they will be adding two more cryptocurrencies to their no-fee app.
Presently, the users of Robinhood could only trade on Bitcoin (Crypto: BTC) and Ethereum (Crypto: ETH) which has the two most rated cryptocurrencies in market capitalization. But the two additional cryptocurrencies are Litecoin (Crypto: LTC) and Bitcoin Cash (Crypto: BCH), which will increase the trading options in its free app.
In a blog post on July 12th, 2018, Robinhood said, “Since we launched Robinhood Crypto in February, our customers have voiced interest in buying and selling other cryptocurrencies beyond Bitcoin and Ethereum.”
The company also said it had topped 5 million users across the entire Robinhood platform, helped by “significant momentum generated over the last several months with the introduction of options and crypto.”
Presently, the market is highly volatile to the bearish side and the two cryptocurrencies that will be added has lost a major part of their value since early January this year. It is likely that the trading volume of these two coins that are about to be added will be increased.
Contributed by: Nwaru Chukwuemeka
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