Robinhood has announced on Thursday that it has added Litecoin and Bitcoin Cash to its commission-free trading app. Before, only Bitcoin and Ethereum were available for trading on the Robinhood Crypto platform, that was launched in February.
Robinhood is rapidly expanding its crypto trading platform and is currently active in 17 states in the United States. In the statement released on their website on Thursday, the company shares that is has plans to 'further expand our coin offerings and add support for coin transfers'.
Next to Bitcoin, Ethereum, Litecoin and Bitcoin Cash - four of the top six coins on Coinmarketcap - users can monitor news and price alerts of twelve other projects: Ripple, Zcash, Monero, Dash, Stellar, Qtum, Ethereum Classic, Bitcoin Gold, Dogecoin, LISK, NEO and Omise Go.
Robinhood, that focuses on both stocks and cryptocurrency, has reached 5 million users on their platform. In June Bloomberg reported that Robinhood plans to offer other banking services to consumers as well. The platform is in talks with regulators to make that happen.