The Robinhood exchange project is currently valued at more than $ 5.8 billion after the announcement of $ 363 million in the new investment round. This percentage increase of 346% in terms of the company's valuation, which cost 1.3 billion dollars only last year in the region of April.

The application from Robinhood currently allows traders to trade only bitkoyans (BTC) and ethers (ETH). Plus, it allows you to track 16 other crypto-currencies, including ZCash and Ripple. Trade in these assets is not yet announced on Robinhood.

In a recent statement, the firm expressed its intention to expand its operations to Australia and other American states. On May 7, the Robinhood team announced on their blog the following with respect to the addition of Australian operations:

"Today, we are declaring Australia our first international market. Robinhood will soon begin the process of approving the regulations and will announce the timing of the launch. Australians can add their data to the waiting list and update progress at robinhood.com/au. "

In order for Robinhood to become the largest cryptographic
markets, its daily trading volume should exceed the volume of the current stock exchange number one, OKEx, by the same criteria. Currently, at the time of writing this article, the exchange trades daily at the amount of $ 2.42 billion. When considering all exchanges - with commissions and without - Robinhood will have to outperform BitMex with a current daily volume of $ 3.212 billion based on the trading parameters of the pair BTC / USD.

Opinion:

The founder of RobinHood, Baju Bhatt, talks about his project:

"We expect that by the end of the year RobinHood will be either the largest or one of the largest crypto platforms. We truly strive to give our clients the best possible experience in investing in crypto-currencies, which will include everything from having a wide variety of coins available for more profitable exchange, mostly without commissions, to exceptional quality products. "

Robinhood Is going to Become the Largest Cryptoexchange In the World

The Robinhood exchange project is currently valued at more than $ 5.8 billion after the announcement of $ 363 million in the new investment round. This percentage increase of 346% in terms of the company's valuation, which cost 1.3 billion dollars only last year in the region of April.

"Today, we are declaring Australia our first international market. Robinhood will soon begin the process of approving the regulations and will announce the timing of the launch. Australians can add their data to the waiting list and update progress at robinhood.com/au. "