Robinhood adds two new cryptos for trading, litecoin and bitcoin cash

Robinhood trading app will add litecoin and bitcoin cash to its no-fee app, which already lets users trade bitcoin and ethereum.

Litecoin is down more than 64 percent since the beginning of this year and bitcoin cash has dropped more than 72 percent in the same time frame. Robinhood says it 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.” So now they are adding new coins to buy. and the next big ones being added are litecoin and bitcoin cash. If it was a bull market now te news would be a hit for this two coins but now we are having a bearish market in crypto and it may not be as effective to change it.

“Since we launched Robinhood Crypto in February, our customers have voiced interest in buying and selling other cryptocurrencies beyond Bitcoin and Ethereum,” Robinhood said in a blog post Thursday.

The platform added cryptocurrency trading in February, two months after bitcoin had skyrocketed to nearly $20,000. It has lost 65 percent of its value since the high, and has fallen more than 50 percent this year to around $6,180 as of Thursday morning.

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Mohsen Daemi
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