What began as a joke currency at the end of 2013 has possibly gone further than even the developers had anticipated, as now stock trading app Robinhood announced on Monday that it has listed dogecoin on its crypto trading platform.
Interestingly, though, the announcement seems to have had minimal effect on the coin’s price, having shown mostly sideways movement for the last seven days, at the time of writing.
Since its launch in February, the app, which is better known for investing in the stock market free of charge, now has a total of five listed coins following the addition of dogecoin. As previously reported by Chepicap, the company announced last week that they were adding support for bitcoin cash and litecoin.
According to their official release, Robinhood Crypto is currently only available in 17 states, but they have confirmed that they are in discussions with regulators regarding the acquisition of a national banking license which would allow them to gain a foothold before local laws take effect. For the time being, however, the firm is stuck rolling out services one state at a time.
The company also disclosed that further support for coin offerings and transfers are on the horizon which may hint at plans to become a bona fide cryptocurrency wallet. But we will have to wait and see how things unfold.
Dogecoin is now available on Robinhood Crypto, commission-free. https://t.co/EAbLmaxtjN— Robinhood (@RobinhoodApp) July 16, 2018