This morning popular portfolio management app RobImage result for cryptocurrency phoneinhood announced that it would begin to incorporate cryptocurrencies into their offerings. Robinhood is one of the most popular apps to buy and sell stocks because it offers zero commission trading for all users. This has made it the leading app for millennials to use and start managing their portfolios and experimenting in buying and selling stocks.
Robinhood will initially offer only Bitcoin and Etherium when the service launches and will offer 24 hour trade windows for ten currencies. These are the two most mature currencies currently on the market and other currencies will be added in the future when they are deemed mature by the company. Users can make instant transfers for up to $1,000 and Robinhood will automatically find the lowest available price for the transaction. Lastly, the service will launch in 5 states: California, Massachusetts, Missouri, Montana and New Hampshire.
