Robinhood – a fintech startup – is expanding its digital currency trading products by adding two new digital currencies to its listings. Users in certain states can now buy and sell Bitcoin Cash (BCH) and Litecoin (LTC) from the mobile application.
Robinhood – A Fast-Growing Fintech Startup
Robinhood is presently offering one of the simplest ways of getting started with digital currencies. All you have to do is to download the mobile app, credit your account with fiat currency, and purchase digital currencies in just a couple of minutes.
But there are a couple of limitations. First, the platform is only available in the United State (and in only seventeen states to be precise). The company does not operate a trading platform itself, it serves as a broker for other digital currency trading platforms.
There are some speculations that Robinhood is going to kill Coinbase, but based on this fact, it doesn’t make sense to say so. Robinhood might even be working with Coinbase behind the scene as one of the trading platforms.
The firm has created another firm that does not act in accordance with the regulatory framework of the old firm because it isn’t a broker-dealer. At the moment, the digital currencies that are listed on the application are Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC).
Sadly, the app does not allow you to manage your wallet addresses. This means you can neither receive nor send digital currencies from another wallet. You need to convert it to fiat currency first. But the app is still one of the best and easiest ways to get started with digital currencies out there.
Litecoin Price Today: Current Price of LTC
At the time of writing, Litecoin (LTC) is still at its number 6th position on the list of top digital currencies in the world by market cap. The digital currency is currently trading at $77.4 after an increase of 2.4 percent over the past twenty-four hours. Litecoin has a market cap of $4.45 billion and a trading volume of $277.66 million over the past twenty-four hours.