The news has not been covered by many important news websites, nor has it caused much fanfare. However, mes HUGE news for the crypto space: from this week, investors can buy and sell Bitcoin, Ethereum, is Litecoin on Yahoo! Finance. The Yahoo trading app now includes the "buy" and "sell" icons next to the three cryptocurrencies, offering investors a new venue to buy and sell digital assets. Mass adoption is coming!
Yahoo! The entry of finance into the cryptocurrency market is an important step towards the large-scale adoption of digital resources. While previously it was a place to look for stock market data, Yahoo Finance announced last September that it was introducing trading directly through its app. The company's Japanese arm has since announced plans to introduce cryptocurrency trading as early as next year. Digital assets are considered legal in Japan.
Although the announcement was largely ignored by major news agencies, some well-known people in the cryptic space tweeted it.
Charlie Lee, founder of Litecoin, tweeted on Wednesday: "Mass adoption is achieved one step at a time"
– Charlie Lee [LTC⚡] (@SatoshiLite) 29 August 2018
Anthony Pompliano, founder and partner of Morgan Creek Digital, said on Twitter:
Now you can buy Bitcoin, Ethereum and Litecoin on Yahoo Finance.
THE VIRUS IS SPARKLING?
– Pomp? (@APompliano) 29 August 2018
Yahoo! Finance is widely used by consumers, retailers and even institutional investors to monitor price trends in the financial market. Offering crypto, Yahoo! Finance could drive wider adoption at a time when organic searches for terms like "Bitcoin" and "Criptovalute" are very low.
By adding the three cryptocurrencies to the Yahoo Finance portfolio, the platform could get a boost by adding new users. Furthermore, more statistics are also available on Yahoo! Financial platform including Bitcoin Cash (BCH), Ethereum Classic (ETC) and EOS (EOS). Although these digital assets are currently not available for purchase or sale, this indicates that there may be new cryptos coming soon to the platform.