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HomeCryptoRobinhood Ramps Up Crypto Support With Major Feature

Robinhood Ramps Up Crypto Support With Major Feature


Robinhood Ramps Up Crypto Support With Major Feature
Other Exchanges News

  • Robinhood has supplied a listing of all cryptocurrencies on its utility.
  • The fee-less buying and selling app began testing its bitcoin withdrawal characteristic in September 2021.
  • Robinhood Crypto is the cryptocurrency-focused subsidiary of the guardian firm Robinhood Financial (RHF).

Robinhood Crypto, a retail buying and selling app based mostly within the US, has simply made a brand new enchancment to its crypto providing to clients. The firm introduced on Twitter that crypto merchants “can now send and receive all listed crypto assets on Robinhood.”

A few individuals expressed their pleasure over the mentioned announcement, significantly these within the crypto area, as Robinhood has been infamous within the crypto group for its restrictive nature. Since its inception, it has by no means allowed its clients to switch cryptocurrencies to different exchanges or wallets. Instead, customers should promote their cash and switch the stability to their exterior accounts.

They had been a middle for criticism amongst Bitcoin merchants for not permitting clients to withdraw their bought cash to self-custody. However, the agency began testing its bitcoin withdrawal characteristic in September 2021 when 1.6 million customers signed up on the waitlist to entry the performance.

Robinhood Crypto is the cryptocurrency-focused subsidiary of the guardian firm Robinhood Financial (RHF), a registered dealer/supplier that helps equities and choices buying and selling. The monetary service firm started dipping its toes into the business in 2018, interesting to a commission-free buying and selling mannequin. Even so, the video featured of their tweet said the corporate wouldn’t cost charges for crypto transfers out of its platform.

Generally, cryptocurrency exchanges are racing to supply merchants with the bottom fee charge doable to encourage extra platform exercise amid the market crash. On Friday, July 8, Binance prolonged its zero-fee providing on all BTC buying and selling pairs to all clients, though they restricted it to US merchants final month.

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