Bonus: Bitcoin Cash [BCH] and Litecoin [LTC] now on Robinhood

Litecoin, Bitcoin Cash Are Latest Crypto Additions to Robinhood Investing App

Robinhood, a zero-fee stock trading app, has added Bitcoin Cash and Litecoin to its platform. The digital currency exchange has been expanding services across more American states as it seeks to rival Coinbase. Aside from Bitcoin BCH, LTC and SegWit BTC, the Robhinhood Crypto also supports Ethereum, Ethereum Classic, Monero, Zcash, Bitcoin Gold, Dash, Ripple, Stellar, Qtum, NEO, Lisk, Dogecoin and OmiseGo. Despite being more viable, the value of bitcoin cash has dropped more than 72% since the beginning of 2018 and litecoin is down 64% for the same period.

Since we launched Robinhood Crypto in February, our customers have voiced interest in buying and selling other cryptocurrencies beyond Bitcoin and Ethereum [ether].

What makes Robinhood stand out from the rest is that cryptocurrency trading can be done by users with no overhead commission charges.

"We expect by the end of the year to be either the largest or one of the largest crypto platforms out there", Robinhood co-founder and co-CEO Baiju Bhatt said at the time. The two cryptocurrencies are now number six and four respectively in terms of market capitalization.

As part of the announcement, Robinhood also claimed it now has over 5 million users on the platform following expansion of its crypto trading service to 17 USA states.

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Coinbase is undoubtedly one of the biggest powerhouses in the cryptocurrency markets, particularly for American traders. Vlad said that Robinhood Crypto will disrupt existing business model of cryptocurrency exchanges.

Recently, the company announced that it had managed to collect over $363 million as a result f its funding rounds and this had made it possible for the company to offer its members more crypto currencies to trade with.

Robinhood Exchange: Robinhood, the Financial services mobile app which launched in February of this year, has just announced further developments on its platform.

Armed with its hundreds of millions of dollars in funding - as well as its successful equities trading platform - the company has said that it doesn't intend to turn a profit on cryptocurrency trading anytime soon.

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