US trading app Robinhood has announced the addition of Ethereum Classic (ETC). ETC is now available for investing alongside traditional stock investments.
The Robinhood Crypto service has included Ethereum Classic in its list of crypto assets for users’ investment portfolios.
Currently, the crypto platform has more than five million customers in 19 states. Robinhood obtains a license in each individual jurisdiction under US law and develops trading within the state. With Robinhood, you can invest in US stocks, ETFs, options and cryptocurrencies commission-free.
The free crypto trading app launched earlier this year with dual-asset support for Bitcoin (BTC) and ethereum (ETH), being licensed in only five states and with low transaction fees. By gradually expanding the range of crypto assets listed on the Robinhood Crypto platform and user base, the startup has become serious competition in the market.
In recent months, Bitcoin Cash (BCH), litecoin (LTC)and dogecoin (DOGE). In addition, users have the ability to track prices for other digital currencies, including XRP and Monero, which are planned to be integrated into the application in the future.
Robinhood's announcement of support for Ethereum Classic follows an announcement by cryptocurrency broker Coinbase, which Robinhood is aiming to outcompete race. Coinbase currently lists ETC only on the Coinbase Pro and Coinbase Prime listings. In addition, the exchange plans to compensate clients for the Ethereum balance that was in their accounts before the 2016 fork with an equivalent amount in Ethereum Classic.
For now, the main competitors are going “hand in hand,” but they may soon have to face another player in the market. Voyager announces support for 15 cryptocurrencies and a dynamic smart router for price targeting on a dozen core virtual currency exchanges and three additional market makers. Voyager is a startup created with the support of Uber co-founder Oscar Salazar and Stephen Ehrlich, former CEO and founder of Lightspeed Financial.
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