Robinhood, the Investing App for Millennials, to Add Bitcoin and Other Cryptocurrencies

in bitcoin •  7 years ago  (edited)

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Hello my fellow Steemians and Crypto Investors,

I just read these very interesting news and want to share it with the Steemit community.

Will this bring more millennial buyers into the crypto markets?

Let me know what you think in the comments below.


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New Robinhood Crypto features - Image by Techcrunch.com

Robinhood, the Investing App for Millennials, to Add Bitcoin and Other Cryptocurrencies

Fortune.com By Jeff John Roberts 10:59 AM EST

A trading app popular with millennials, is making a big move into crypto. Starting in February, Robinhood will let customers buy bitcoin, Ripple, and 15 other cryptocurrencies using the same streamlined, no-commission approach it offers for stocks.

The move is significant for cryptocurrency markets because Robinhood has 3 million users with a median age of 26, a demographic considered to be especially enthusiastic about bitcoin and other types of digital money.


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In announcing the news on Thursday, Robinhood said users will be immediately be able to track market data for the 16 cryptocurrencies—which also include the likes of Litecoin, Ethereum, and Ripple—and to read crypto news and set price alerts.

The company’s trading platform will go live next month, allowing users in states where Robinhood has obtained regulatory approval to acquire digital currency with no minimum purchase amount. It will make the 16 different types of currency available in waves, beginning with bitcoin and Etherum.

The service will initially be available in New York, California, Illinois, Missouri, Montana, and New Hampshire, and will become available to other states in coming months. The list of cryptocurrencies largely correspond with those with the biggest market cap, and include the likes of Monero, Dogecoin, Bitcoin Cash, Dash, Ethereum Cash, and Bitcoin Gold.

Continue reading at Fortune:

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Tell me what you think of this post in the comments below. This is not professional investment advise. I'm not your financial advisor. Only invest money you can afford to lose!

Follow me for updates news and commentary on "sane" crypto investing.

Happy crypto investing!

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They are doing a big favor to the millennial.
Get accustomed to crypto is paramount.

Keep on steemin'

thank you very much and I'll download it!

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Resteemit ..

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Wow this is great! Keep it up! Hope to see you around more!

yap I think it will be a good thing for cryptos and we will see more investments coming into cryptos due this advancement... as we know robinhood app is very popular all over the world.. So, yeah it will bring some more investments to cryptos...

good information get from your post
i m just new on steemit and its my first comment ever i hope to be successful in steemit

Crypto/BTC is a great way.The earliest way to get rich and not just make money with crypyo is to buy BTC and hold for year or two..........

  ·  7 years ago (edited)

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Much obliged for sharing..I will hold up your new post

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that is damn true..

Crypto/BTC is a great way.The earliest way to get rich and not just make money with crypyo is to buy BTC and hold for year or two..........

DQmTxzW63MbhxWuYdjMcfsJ3Fhks7gXGEuFyvAM3mJdKoFM_1680x8400.png I think RobinHood will move further in the next day, its condition is very good now.

thanks for this information, sir..

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bitcoin is unstoppable, thanks.

crypto has brought a breakthrow in my life

This look like a gamechanger , 3 million users is huge ! Lets buy more before mass adoption happens !

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
http://fortune.com/2018/01/25/bitcoin-millennials-robinhood-cryptocurrency/

I posted a great post. I liked it very much. I know your knowledge and experience the administrators beautifully let us know. Bitcoin about bitcoin is one that we say is a medium for future transaction dollars 2050 or any handbook or handbag we do not have There will be all the currency like Bitcoin

Excellent post man and i download it.

greatly posted again a nice work

Sir I tried to download this app on my phone but couldn't able to install it properly. I might got bad internet connection that's why it might be another reason caused this issue.

Well I'll try it another time . I'm glad that I got some information from your post. I love to visit again and again ☺️

Bitcoin is one of the biggest opportunities since the invention of the internet itseif....great times to be around..............................

It's a really informative post man...👌 thanks a lot for sharing...😊 yes your posts are really great.. ☺

what an important information!!! thanks a lot sir 🙌 thanks for sharing ☺👍

Hey there buddy.

I just wanted to stop by and give you insight into something that is even better than Robinhood. It is an android app with an IOS version being developed.

You might want to check it out...perhaps you heard of it. 😁

https://steemit.com/steem/@taskmaster4450/steemian-creativity-and-talent-in-action-this-is-a-must-have-for-anyone-with-cryptocurrency-an-app-by-cryptoeagle

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This post has received a 4.92 % upvote from @booster thanks to: @cryptoeagle.

Really an important post... 👌 i'm new in this community... ☺ so, thanks for sharing these type of valuable post 👍☺

crypto has changed my life

valuable post for me.
crypto has changed my career.

BTC so great. I love it.
thanks

@cryptoeagle again very informative one

well posted sir

Excited post and great work man .Thanks for share man .

Hi sir,

Thank You so much for introducing Robinhood with us. I would love to download it on my phone. It must be valuable and great app for traders who loves to trade using secure wallets, apps, and websites. :)

great post and great work man .Thanks for sharing ♥ following you

When create your next post.?
Actually i follow your every post..

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Great work sir ...
really informative!!

Thanks a lot for reponse my friend...

thanks for your post
resteem and upvoted sir

Wait whaaaat. That's crazy! I'm 27 and I use Robinhood to play around with investing. It is a really great service for new investors especially for the no fees/commission charges. This is a HUGE move.

Guess who just opened an account on it? Haha, I don't like Coinbase's monopoly's that much and diversifying is always good!

Great! I hope the service works out for you. I think it will be good to get some competition in the game.

I can also vouch for the customer service through Robinhood. I was once having an issue making trades and they got it fixed and fast! They were so gracious.

This should be interesting. The ability to trade into cryptos commission free. Coinbase should be afraid.

I believe they are hehe ;)

I certainly think that it will help bring the younger crowd into crypto. It is an extremely popular app which is how that generation communicates.

Plus, they are inherently distrustful of the government while not believing in any of the "promises" being made. For example, few of them believe Social Security will be around when they are ready to retire. At the same time, even less believe there is a secure future.

The crypto world is spreading its tentacles....more people are being exposed.

Guess who just opened an account on RobinHood? Hehe. I don't really like Coinbase's monopoly and diversification is always a good thing!

well its the first time i saw that .. i would do a bit of research thanks

The free trades and apps is what made robinhood so popular to the younger generation. I am excited that crypto will be tradable on a platform that already has stocks and bonds traded. Very soon big trade firms like Fidelity, Charle Schwabs, and Etrade to follow. Thanks.

thanks for this great information.

good one.
thanks for your valuable post

Thanks for the information and very useful
@cryptoeagle
100% like and resteem

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i have to fight to exist.........at first it was so tough for me,but crypto has changed the situation....love crypto and all who are stay with crypto

Bitcoin is one of the biggest opportunities since the invention of the internet itseif....great times to be around.......

Nice post keep it up.