Robinhood commission-free crypto trading app has recently listed Ethereum Classic (ETC), according to an official announcement Monday, Aug. 6.
In its recent blog post, the company clarified that Robinhood customers can also invest in Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Dogecoin (DOGE), as well as monitor market data for ten other cryptocurrencies.
Currently available in 19 states of the U.S., Robinhood crypto trading app was launched in February, 2018, initially listing on only two cryptocurrencies Bitcoin and Ethereum, and available only for four states. July 12, Robinhood launched support of Bitcoin Cash and Litecoin, prior just a few days to the introduction of Dogecoin July 16.
Robinhood originally intends to operate its zero-fee business “on break even basics” and does not “plan to profit from it for the foreseeable future,” giving the priority to expanding its customers base.
In May, Robinhood raised $363 million in series D funding round to expand its business, with valuation of $5.6 billion, which is a fourfold growth from the last year. In late June, Robinhood was rumored about considering launch of their own cryptocurrency wallet after posting a job listing for crypto engineers.
Recently added Ethereum Classic is seeing the biggest gains over the past 24 hours among top 20 cryptocurrencies by market cap, according to Coinmarketcap. The altcoin ranked 12 is trading at $18.2, up around 7 percent over the week and 24 hours period.
In June, ETC jumped 25 percent amidst listing at one of major U.S. crypto exchanges Coinbase, surged up to $16.15 point.
