Yahoo has increased the fervor in the cryptocurrency market by integrating a new dimension into their system. Promoting the trend of cryptocurrency, Yahoo Finance has added the purchase and sale of Bitcoin [BTC] Ethereum [ETH] and Litecoin [LTC]. Other important cryptocurrencies like Ripple's XRP, Bitcoin Cash, Stellar XLM and others do not have the same options on those platforms.
This positive push in the digital currency market was expressed by the crypto community as a drive for cryptic adoption. Following the decision of Yahoo, Anthony Pompliano, crypto advocate and founder of Morgan Creek Digital tweeted:
Now you can buy Bitcoin, Ethereum and Litecoin on Yahoo Finance.
THE VIRUS IS SPENDING 🚀
– Pomp 🌪 (@ APompliano) 29 August 2018
Some members of the crypto-community are surprised by the exclusion of Ripple and Bitcoin in cash that are in advance compared to Litecoin according to the markets. Development is undoubtedly an important step for the adoption of cryptocurrencies as a payment future, but some have expressed disappointment with Yahoo for not going according to the hierarchy of coins in the cryptographic market.
According to CoinMarketCap the current price of Bitcoin [BTC] is about $ 7,024, with the $ 7,000 mark being crossed on August 28th. The price for Ethereum [ETH] is priced around $ 287 and saw a strong push on August 28 in price performance after a disappointing week when it was down between $ 270- $ 280. Litecoin [LTC] is currently trading at around $ 61 with a total market cap of almost $ 3.6 billion.
Yahoo's plans for an exchange
Yahoo flirted with the idea of a cryptocurrency exchange, with its Japanese arm, Yahoo Japan Corp, which announced in March, that an exchange will open " # 39; April 2019 or later ". Yahoo Japan Corp was originally established as a joint venture between the US Internet giant and the Japanese company SoftBank and is now Japan's largest online auction site.
With this underlying perspective, Yahoo Japan confirmed in April the acquisition of a minority stake (40%) in the Tokyo BitARG cryptocurrency exchange to consolidate its base in the crypto-industry. The exact value of the investment has not been ascertained, but values between 2 and 3 billion yen have been declared
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