Robinhood Exchange Adds Support for Litecoin and Bitcoin Cash

Robinhood Exchange

Robinhood Exchange: Robinhood, the Financial services mobile app which launched in February of this year, has just announced further developments on its platform. Robinhood has now added support for Litecoin (LTC) and Bitcoin Cash (BCH).

Currently, the Robinhood platform reaches 5 million users and the goal of the Fintech Startup is to “further expand our coin offerings and add support for coin transfers,”. No doubt in an attempt to further its user-base. As it stands the platform trades Ethereum, Bitcoin, Litecoin and Bitcoin Cash. 

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Robinhood does not act as an exchange itself, rather it acts as a broker with other exchanges. It is only available in the US which is a catch for some people and more specifically only in 17 states for crypto trading. Those states are Arizona, California, Colorado, Florida, Indiana, Massachusettes, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, Pensylvania, Texas, Utah, Virginia, and Wisconsin.

Though the platform only supports four coins presently, it does provide users with price alerts for 12 other coins too. Ripple, Ethereum Classic, Zcash, Monero, Dash, Stellar, Qtum, Bitcoin Gold, OmiseGo, NEO, Lisk, and Dogecoin.

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Perhaps some of these coins will be supported by the platform in the coming months.

Featured Image: DepositPhotos/Piter2121

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