Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Robinhood Expands Cryptocurrency Trading With Bitcoin Cash and Litecoin

by Daily Hodl Staff
July 12, 2018
in Trading
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

The popular trading app Robinhood is adding Bitcoin Cash and Litecoin to its platform.

Robinhood added crypto to its mobile stock investing app in February, and offers Bitcoin and Ethereum trading in Arizona, California, Colorado, Florida, Indiana, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, Pennsylvania, Texas, Utah, Virginia and Wisconsin.

The addition of Bitcoin Cash and Litecoin in the limited list of states is part of Robinhood’s increasing interest in cryptocurrency markets. It will also extend its no-fee trading offer, a strategy that has made the app popular among Millennials.

Since the Securities and Exchange Commission (SEC) determined that Bitcoin and Ethereum are not securities, it defined the limited regulatory risk for an exchange that adds coins with similar characteristics – particularly those are used as currencies and are decentralized.

Bitcoin Cash, created on August 1, 2017, is a hard fork of Bitcoin. Litecoin, created in October of 2011, is a fork of the Bitcoin Core client. They are the fourth and sixth largest cryptocurrencies by market cap at $11.4 billion and $4.3 billion, respectively.

Robinhood has defended its practice of not charging trading fees, despite competitors claiming that the lack of revenue generation leads to lower standards and compromised quality.

“No one does trading for free. It’s just a matter of how you’re paying for it. If someone offers trading at a zero-dollar commission price, then they’re simply making it up in other manners. To say you’re doing a trade for free is just disingenuous. If you’re buying one share of Apple, maybe you don’t care that your execution quality isn’t the highest it could be. If you’re buying a thousand shares of Apple, you care a lot.” – Walt Bettinger, CEO Charles Schwab

The fintech startup, launched in 2013, credits its explosive growth on having efficient, modernized systems that operate without fax machines and other legacy tools that can create drag and bloat. Valued at $5.6 billion, Robinhood has surpassed E-Trade in user numbers and is now one of the largest options brokers in the world with its thriving stock brokerage service.

As for generating profits from cryptocurrency trading, the company says it’s more focused on growing the crypto ecosystem than making any money from it.



Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • QuiverX to Integrate Chainlink Proof of Reserve To Power Transparent, Decentralized Crowdfunding
    January 15, 2021
  • The Online Family Office and High Net Worth Blockchain Conference
    December 22, 2020
  • How Blockchain Empowers Wuhan’s Digital Economy Growth – World Blockchain Conference
    December 14, 2020
  • SnapEx Adds LINK, BNB and TRX Alongside Sign-Up Bonus on a Sleek New App
    December 11, 2020
  • What’s the Role of Bots in Crypto Trading?
    December 3, 2020
Submit a Guest Post
Bitcoin
$35,888.00
$35,888.00
4.04%
Ethereum
$1,214.40
$1,214.40
1.87%
XRP
$0.277026
$0.277026
1.68%
Litecoin
$142.22
$142.22
2.51%
Bitcoin Cash
$483.84
$483.84
2.05%

Spotlight

  • Morgan Stanley Increases Stake in Bitcoin Adopter MicroStrategy, Which Now Holds $2.6 Billion in BTC
    January 11, 2021
  • Banks Fined $14 Billion in 2020 for Money Laundering Violations, Personal Data Leaks and More
    January 15, 2021
  • Ripple Unveils Push To Bring XRP Ledger to Central Banks
    January 12, 2021
  • IMF Says Only 40 Countries Allowed To Issue Digital Currencies
    January 16, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2020 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.