Robinhood Crypto Expansion: Trade Litecoin & Bitcoin Cash Alongside Bitcoin & Ethereum
Robinhood, a well-known commission-free stock trading platform, made a significant move into the cryptocurrency space, expanding its services to include digital asset trading. This expansion marked a major shift in the trading landscape, making cryptocurrency more accessible to retail investors who were previously hesitant due to high fees and complex interfaces. By integrating crypto trading alongside traditional stock investments , Robinhood offered a seamless experience that attracted both seasoned traders and beginners. Initially, Robinhood’s foray into the cryptocurrency market began with Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies by market capitalization. These digital assets were already well-established in the market, widely recognized, and offered significant liquidity. However, the demand for a broader selection of cryptocurrencies grew among Robinhood users, prompting the company to expand its offerings. Addition of Litecoin and Bitcoin Cash As part ...