Robinhood to introduce Bitcoin and Ethereum trading next month
The official blog of Robinhood tells that the company decided to support two biggest cryptocurrencies in the world, while also adding support for price tracking of several more. Previously the application designed by this company did not have such opportunities for traders.
The price tracking will be available for Litecoin, Ripple, Bitcoin, Ethereum and several other cryptocurrencies. Not so long ago, Bloomberg has added a few more digital coins in their brand tracking terminals.
Robinhood has gained popularity in AppStore with an average mark being 4.8 out of 5, and 4.6 out of 5 on Google Play. In AppStore, this application is #4 in Finance. This leads to believe that the crypto market would benefit from the addition described above.
The announcement is followed by a report on a major technology website in which one of the founders of the app tells that cryptocurrencies exist to give back the authority over money back to the people and overall “democratize the financial system”.
If more trading applications start to support or at least track cryptocurrency prices, it will not legitimize the cryptocurrency sphere as good as some Wall Street exchanges might do in the future, but it will increase the popularity of the concept anyway.
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