Robinhood & Coinbase Ready To Add New Crypto Coins For Trading, But Not Ripple/XRP

Robinhood trading app will add litecoin and bitcoin cash to its no-fee app, Coinbase considers adding five new coins to its platform

Trader explains why contrary to popular belief, bitcoin isn’t fit for crime from CNBC.

Coinbase Ready To Add New Crypto Coins

The five digital coins include cardano, basic attention token, stellar lumens, Zcash and 0x.

“It wouldn’t surprise me to see these things up 20, 30, 40 percent over the weekend,” digital trader Brian Kelly said Friday on “Fast Money.”

Cardano, Brian Kelly said it is similar to ethereum. “They have working network,” he said. “They have a live road map. That’s important. That’s what the [Securities and Exchange Commission] said was important, so it’s not a security.”

Basic Attention Token, This coin is unique in that it offers an ad-free experience, Kelly said. “You can use Basic Attention Token to pay for content on the web.”

0X, Pronounced “zero x,” this is a decentralized exchange protocol that Kelly said is “up and running.”

Stellar Lumens, Kelly said this token is similar to ripple.

Zcash,This is a privacy token, “so you can send stuff back and forth without people knowing,” he said.

Kelly said the digital asset platform Gemini has already said it’s going to have Zcash on its platform.

“So this one is probably one of the most likely” to be approved by Coinbase, Kelly said.

Robinhood Ready To Add New Crypto Coins

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.

Tags: coinbase, Robinhood platform add litecoin,Robinhood platform bitcoin cash, bitcoin,  , Litecoin, bitcoin cash, btc, bch, bth, etc, ltc, Robinhood platform

Mohsen Daemi
Latest posts by Mohsen Daemi (see all)