Hello my fellow Steemians and Crypto Investors,
I just read these very interesting news and want to share it with the Steemit community.
Will this bring more millennial buyers into the crypto markets?
Let me know what you think in the comments below.
New Robinhood Crypto features - Image by Techcrunch.com
Robinhood, the Investing App for Millennials, to Add Bitcoin and Other Cryptocurrencies
Fortune.com By Jeff John Roberts 10:59 AM EST
A trading app popular with millennials, is making a big move into crypto. Starting in February, Robinhood will let customers buy bitcoin, Ripple, and 15 other cryptocurrencies using the same streamlined, no-commission approach it offers for stocks.
The move is significant for cryptocurrency markets because Robinhood has 3 million users with a median age of 26, a demographic considered to be especially enthusiastic about bitcoin and other types of digital money.
In announcing the news on Thursday, Robinhood said users will be immediately be able to track market data for the 16 cryptocurrencies—which also include the likes of Litecoin, Ethereum, and Ripple—and to read crypto news and set price alerts.
The company’s trading platform will go live next month, allowing users in states where Robinhood has obtained regulatory approval to acquire digital currency with no minimum purchase amount. It will make the 16 different types of currency available in waves, beginning with bitcoin and Etherum.
The service will initially be available in New York, California, Illinois, Missouri, Montana, and New Hampshire, and will become available to other states in coming months. The list of cryptocurrencies largely correspond with those with the biggest market cap, and include the likes of Monero, Dogecoin, Bitcoin Cash, Dash, Ethereum Cash, and Bitcoin Gold.
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