On Monday, Robinhood Monetary introduced that it might launch ethereum basic (ETC) on its buying and selling platform — making it the sixth digital forex it has listed. This information comes in the future earlier than Coinbase is so as to add ETC to its change.
At $5.6 billion, Robinhood’s newly launched crypto-trading platform is rising. On Monday, it introduced that it might start supporting ethereum basic, providing ETC zerozero buying and selling for purchasers residing in one of many US eligible states.
Now you can spend money on Ethereum Traditional on Robinhood Crypto, commission-free. https://t.co/PAidMUpbYq
— Robinhood (@RobinhoodApp) August 6, 2018
Robinhood has been increasing its providers on a state-by-state foundation, gathering the required licensing to function in every area. Earlier this 12 months, the corporate began in 4 states; California, Massachusetts, Missouri, and Montana, later increasing to 19 with Georgia and Iowa becoming a member of most not too long ago.
The buying and selling platform has continued to extend the variety of supported cryptocurrencies accessible to customers. At current, Robinhood merchants can work in Bitcoin zerozero, Ethereum, Litecoin, Bitcoin Money, Dogecoin, and now Ethereum Traditional.
The platform can be able to monitoring market information for 10 different cryptocurrencies — which suggests eventual integration into the platform. For now, customers merely want so as to add these digital belongings, which embody Zcash, Stellar, and Moreno, to their watchlist.
A Rush To Beat Coinbase
The efforts made by Robinhood to incorporate ETC are available in gentle of Coinbase’s comparable bulletins. Final week, the Coinbase said it was within the ultimate levels of testing for the brand new cryptocurrency, reporting that ETC could be made accessible on August seventh.
Nevertheless, the announcement outlined that this new itemizing would solely be accessible for customers with Coinbase Professional and Coinbase Prime accounts and that ETC buying and selling wouldn’t go into impact instantly.