Few days ago we heard a lot of news from different countries that they will apply tax on bitcoin and other countries still want to ban bitcoin trading.
Now it is not always a bad news since Robinhood said to bet on bitcoin. For those who don't have an idea about Robinhood, it is a stock trading app that was first seen on ios and now you can download it free from google playstore. Robinhood is said to be a giant on stock trading so it may affect the trading of bitcoin price too.
Robinhood annouce that they are jumping on the crypto-trading bandwagon.
"We've come to understand that cryptocurrencies as an asset have exhibited clear and underlying resiliency and have integrated themselves as part of a diversified and balanced portfolio," Robinhood co-founder and CEO Vlad Tenev told CoinDesk.
Other than bitcoin they will also trade Ethereum and soon other cryptocurrencies like Bitcoin gold, Bitcoin cash, Monero, Ripple, Ethereum classic, zcash, dogecoin, qtum, dash, list, stellar and litecoin.
This is a good sign that cryptocurrencies will boom again this year like what happened o bitcoin last year. Robinhood should add steem and sbd too.
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Thank you for sharing Robinhood to us @kingxerxesdex ! :) I hope our government willnot follow China and Korea! :)
our government is trying to ban it too in the fast but they just can't hehe...
This is great news for the crypto community as in theory there would be alot less fees and people would flock from coinbase and others for competitive pricing but I have heard if you trade too many times in a day you may get hit with large fees. Great Post.
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