Robinhood expands crypto offerings

Robinhood, a free trading platform for stocks and cryptocurrency, is expanding its crypto offerings beyond Bitcoin and Ethereum to include Litecoin and Bitcoin Cash.

Robinhood Crypto has been steadily adding states where the service is available. Currently investors can buy and sell the four coins in 17 states, including California, New Jersey, Florida and Massachusetts, with more states becoming available in the future.

Robinhood began offering users the ability to trade Bitcoin and Ethereum — the top two cryptocurrencies by market capitalization — in February. Since then, investors have expressed interest in trading other cryptocurrencies, according to the company announcement.

Litecoin, the world’s sixth-largest cryptocurrency, rose in value earlier this week on news that the Litecoin Foundation was partnering with payments platform TokenPay. Under the deal, the foundation received a 9.9% stake in WEG Bank in Germany. In return, Litecoin will aid in the development of TokenPay’s cryptocurrency and business operations.

 

Sources: CNN Money

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