This looks promising to the world of crypto. With this addition to the community, it will be easier for a lot of people to buy into crypto with fiat currency which will result in an influx of volume. For whales and other HODLers, this could be good news. when this happens, expect a noticeable price increase on popular cryptocurrencies.
Don’t Sleep
Introducing Bitcoin & other cryptocurrencies on Robinhood Crypto
Today, cryptocurrencies are coming to the Robinhood platform. We believe that cryptocurrencies have the potential to fundamentally reorganize the way money works from the ground up, putting power previously held by financial institutions directly in the hands of the people.
We saw an opportunity to build a better experience to trade cryptocurrencies, one where you can invest commission-free in cryptocurrencies alongside stocks, ETFs, and options, track different coins, and read market news. Meet Robinhood Crypto:
Better Together
- You can now monitor and invest in cryptocurrencies, options, stocks, and ETFs, all on the same platform.
Instant Deposits
- Bank transfers up to $1,000 will be instantly available in your account to trade cryptocurrencies. Any additional funds transferred will land in your account via the normal ACH transfer system.
Commission-Free
- We strive to offer all our services at the lowest price possible. Robinhood Crypto is no different. Stop paying exorbitant fees when you invest in cryptocurrencies.
Secure & Established Platform
- Robinhood is a secure platform trusted by millions of Americans.
Here’s what to expect today and next month
Today
Starting today, you can add the 16 cryptocurrencies below to your watchlist, monitor market data, read cryptocurrencies news, and create custom price alerts.
Bitcoin
Ethereum
Bitcoin Cash
Litecoin
Ripple
Ethereum Classic
Zcash
Monero
Dash
Stellar
Qtum
Bitcoin Gold
OmiseGo
NEO
Lisk
Dogecoin
February
Next month, round-the-clock, commission-free cryptocurrency trading comes to the Robinhood platform. Trading will be limited to Bitcoin (BTC) and Ethereum (ETH), with more coins tradeable later. Trading functionality for BTC and ETH will be released gradually in waves to Robinhood residents in California, Massachusetts, Missouri, Montana, and New Hampshire. Robinhood Crypto will be available in more states soon.
We’ll have more updates in February. In the meantime, we can’t wait to hear your feedback on what you like, what you want more of, and what we can do differently.
Source: The Robinhood Team