Robinhood App Has Listed a New Cryptocurrency
Famous commission-free stock service Robinhood has listed Ethereum Classic (ETC) on its cryptocurrency exchange Robinhood App.
Californian stock company Robinhood celebrates together with users a new success. Robinhood App has announced its sixth listed crypto asset – Ethereum Classic, offering users the opportunity to keep ETC coins alongside their equities.
The announcement is part of the company’s diversification plan. Less than a month ago, Robinhood App announced that it supports Litecoin and Bitcoin Cash trading pairs, and in less than a week it has added the fifth crypto asset Dogecoin (DOGE).
Robinhood Crypto is coming to Georgia, and we're feelin' peachy! Trade cryptocurrencies, commission-free. 🍑 pic.twitter.com/8eX57gv8sw
— Robinhood (@RobinhoodApp) August 2, 2018
The news comes in response to Coinbase’s initiative- company’s main competitor, to list Ethereum Classic. These two do not cease to compete for the best crypto exchange to offer no-fee services. Californian stock platform Robinhood is currently working on the launch of its native wallet, a service that its competitor already offers.
The competition between the two companies is steadily increasing. Even so, there seems to be a project that will meet both companies’ standards- Voyager, a crypto exchange designed by former tech experts at E*Trade and Uber.
It’s available in 19 U.S. states
Robinhood App began its activity in four US states. Now it enjoys a spread in 19 U.S. states, counting Arizona, California, Colorado, Florida, Indiana, Iowa, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, Wisconsin plus Georgia.
U.S. traders are now able to store and sell on Robinhood App six cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE) and Ethereum Classic (ETC).
At the time of writing, Ethereum Classic has a market capitalization of $1,926,560,093 and is traded at $18.60, up 7.09%.