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Robinhood has announced that it will now provide support for the trading of Bitcoin Cash and Litecoin on its Robinhood Crypto platform. In a post published Thursday, the company suggested that the decision was made in response to customer interest in digital currencies other than Bitcoin and Ethereum.
Robinhood Crypto's no-commission negotiations are currently available to residents of 17 US states, including AZ, CA, CO, FL, IN, MA, MI, MS, MO, MT, NJ, NM, PA , TX, UT, VA and WI. According to the company, there are plans for further offers of coins in the future, as well as support for the transfer of coins.
The company's post also suggested that customer excitement has helped fuel rapid growth in recent months:
"Together, we have reached over 5 million people across the Robinhood platform and we will not see the time to share Robinhood with millions more so everyone can participate in the financial system. "
Robinhood's cryptographic platform was launched in February 2018, providing customers in five states – CA, MA, MO, MT and NH – with commercial support for Bitcoin and Ethereum. In the last six months, the company has increased its user base by approximately 2 million customers and now has more customer accounts than eTrade.
