The Dogecoin is now available on Robinhood

Highly prized by young Americans, Robinhood , the commission-free trading and cryptocurrency trading app, announced its takeover of the Dogecoin (DOGE) on Monday, July 16th. It now offers commercial support for five digital currencies.

https://twitter.com/RobinhoodApp/status/1018842982043168771

Robinhood adds Dogecoin to its platform

California-based startup Fintech Robinhood shared the news on its blog and official Twitter account, 4 days after adding Bitcoin Cash (BCH) and Litecoin (LTC).

According to the publication:

"The Dogecoin is now available on Robinhood Crypto, without commission. "

Robinhood users can now invest in five virtual currencies without fear of additional costs: Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Dogecoin.

https://twitter.com/RobinhoodApp/status/1017393472658026497

The platform is accessible in the following states: California, Florida, New Jersey, Arizona, Colorado, Michigan, Texas, Pennsylvania and Virginia, or 17 states in all. However, the company plans to offer its service throughout America.

The words of Vlad Tenev, the founder and co-CEO of Robinhood, reported by CryptoGlobe on June 24 last provide an explanation on the decision of the startup to add cryptocurrency to its platform.

"We are looking at a combination of factors, one of which is obviously what the regulators have said about it. We also look at what the team does behind the cryptocurrency, are they legitimate, what are their antecedents? And then customer demand and specifics like the stability and resilience of the virtual currency against attacks at the protocol level such as 51% attacks for example - which we know, happened at Bitcoin Gold a few months ago. weeks ... It was very informative ... "

Notable developments

Robinhood, created in 2013 and launched in 2014 by two mathematics graduates from Stanford, offers commission-free services on "traditional" equities including US equities and ETFs.

It began trading with zero purchase fees for Bitcoin and Ethereum in February 2018. Its digital wallet has been greatly expanded since then.

While the Dogecoin was seen as a joke of the crypto-community, it has evolved over time to become a popular peer-to-peer decentralized digital currency. At the time of writing this article, DOGE has a market capitalization of $ 428 million and a daily trading volume of $ 22 million. Its price is around $ 0.0037, up 1.53% over the last 24 hours.

What do you think of Robinhood supporting Cryptocurrency Dogecoin? Tell us in the comments section below.