You can now trade Litecoin and Bitcoin Cash on Robinhood Crypto – TechCrunch

Fintech startup Robinhood is expanding its cryptocurrency trading product with two new token listings. Users in selected states can now trade Litecoin and Bitcoin Cash from the app.

Robinhood is currently providing one of the easiest ways to get started with cryptocurrencies. You can download the app, upload some money and buy tokens in just a few minutes.

But there are a few caveats. First, Robinhood is only available in the U.S. if you want to trade stocks, ETFs and options. And if you’re interesting Robinhood Crypto more specifically, it is only available in 17 states.

Robinhood also claims that there’s no fee on cryptocurrency trading. Given the liquidity of cryptocurrency exchanges, there’s always some spread. It means that if you buy one bitcoin and if you sell one bitcoin, there will be a tiny gap between those two prices because of the tiny order book. Saying that there’s no fee is misleading.

The startup doesn’t operate an exchange itself. It acts as a broker with other exchanges. That’s why it doesn’t make sense to say that Robinhood is going to kill Coinbase. Robinhood is most likely partnering with Coinbase behind the scene as one of its exchanges for instance. On a user experience level, Robinhood Crypto competes with Coinbase’s main product and Circle Invest.

The company has created a second company that doesn’t comply with the same regulatory framework because it’s not a broker dealer. You can currently trade Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

Cool read from TC Source Link

Comments

Post a Comment

Popular posts from this blog

Google’s new Tour Creator lets students make their own VR tours – TechCrunch

Image
Google today launched a new tool for teachers and their students called Tour Creator, which allows anyone to create their own VR tour using imagery from Google’s Street View or their own 360-degree photos. The new app is designed to work with Google Cardboard and Google’s existing VR “field trips” app Expeditions . The goal with Expeditions is to let people virtually travel the world to see far off places they may never have the chance to visit in person – like Antarctica or Machu Picchu, for example. Google says that since Expeditions’ arrival in 2015, over three million students have virtually visited places around the globe. Now, the idea is to let students and teachers themselves build their own VR experiences and stories without needing technical knowledge. Instead, using Tour Creator, anyone can build an immersive 360-degree tour from their computer. To use the service, you click to get started, give the tour a name and upload a cover photo. You can then search through Go
Read more

New malware highjacks your Windows clipboard to change crypto addresses – TechCrunch

Image
In what amounts to be an amazingly nefarious bit of malware, hackers have created an exploit that watches 2.3 million high-value crypto wallets and replaces the addresses in the Windows clipboard with an address associated with the hackers. In other words, you could paste your own wallet address – 3BYpmdzASG7S6WrpmrnzJCX3y8kduF6Kmc, for example – and the malware would subtly (or unsubtly) change it to its own private wallet. Because it happens in the clipboard most people wouldn’t notice the change between copying and pasting. Security researchers at BleepingComputer have found similar hijackers in the wild but this latest version is actively watching valuable wallets and trying grab bitcoin as they enter the accounts. Below is an example of the malware at work. The malware runs a massive, 83MB DLL file that masquerades as a Direct X service. Inside the DLL is a 2.5 million line text file full of bitcoin addresses. In the above test when cutting and pasting from an HTML page into W
Read more

Bitcoin passes $7K bringing all 100 top coins up with it – TechCrunch

Image
Bitcoin is moving up, and it’s taking 99 of its best friends along for the ride. In the last 24 hours, every one of the top 100 coins by market cap was in the green with 84 of them posting gains of over 5 percent. At the time of writing, Bitcoin was sitting at $7,310, up 14 percent in the last 7 days and up almost 10 percent in the last 24 hours. CoinMarketCap Top 100 Bitcoin itself crossed the $7,000 mark for the first time in the last month, an indication but no sure sign that it might be shaking off a summer slump that’s seen prices plunge below $6,000 on more than one occasion. Bitcoin is quickly moving back toward early June norms around $7,500 though may meet resistance at $7,750 . In March, Bitcoin dipped below the $10,000 mark and it’s been unable to mount a rally back above that level in the months since. screenshot via CoinMarketCap They may not last, but mid-July’s gains aren’t just a Bitcoin story. Out of the top 100 coins, 24 coins made double digit gains in the l
Read more