These are good days for ethereum classic [ETC]. Just as US-based cryptocurrency exchange integrates the cryptocurrency, stock trading app, Robinhood has added it to its cryptocurrency trading platform.
You can now invest in Ethereum Classic on Robinhood Crypto, commission-free. https://t.co/PAidMUpbYq
— Robinhood (@RobinhoodApp) August 6, 2018
In a brief statement on Monday, Robinhood announced that users of its cryptocurrency app can now trade ethereum classic [ETC] alongside five other cryptocurrencies. The app supports trading of bitcoin [BTC], ethereum [ETC], bitcoin cash [BCH], litecoin [LTC], dogecoin [DOGE], and now ethereum classic [ETC]. The app also tracks market data for 10 other crypto assets.
Ethereum Classic [ETC] Gets Multiple Listings
It was in June that Coinbase first announced that it was considering listing Ethereum Classic raising a mild debate as to why the exchange was considering ETC ahead of Ripple [XRP]. Coinbase, however, noted that the choice was in line with its Digital Asset Framework.
Robinhood Expanding into Crypto
Robinhood’s statement indicated that its cryptocurrency trading service is available in 19 states with a promise to keep expanding. After it introduced its cryptocurrency platform in February, the stock brokerage soon raised $363 on a $5.6 billion valuation in a Series D funding round to expand its services.
The app soon added Litecoin and Bitcoin Cash while also increasing its services area from 10 states to 16 states now.
Robinhood’s announcement, a day to Coinbases’ rekindles a rivalry between the companies as both strive to dominate the crypto trading space. Both have reportedly attempted to obtain banking licenses, albeit unsuccessfully.
Ethereum [ETC] Price Watch
In the light of the new listings, Ethereum Classic [ETC] has steadily risen in prices. ETC now trades at $19.40. In a period when the cryptocurrency markets took a dip, ETC has witnessed at least 11 percent increase in the past 24 hours. Its market capitalization—just over $2 billion at the moment—grew and the coin briefly claimed a spot on the top 10 Cryptos by market cap.