Robinhood Adds Support for Dogecoin on Its Crypto Platform

U.S.-dependent buying and selling firm Robinhood has extra assistance for Dogecoin (DOGE) on its Robinhood Crypto platform, in accordance to a blog site write-up published July 16.

DOGE is a peer-to-peer electronic forex started as a parody on a pet meme dependent on a genuine Japanese Shiba Inu named Kabosu. DOGE was launched in December 2013, and presently has a industry capitalization of $331 million in accordance to Coinmarketcap. With today’s announcement, DOGE has joined Litecoin (LTC) and Bitcoin Dollars (BCH), which were extra to the platform very last week.

Dogecoin has no restrict to how many coins can be mined, with about 115 billion presently in circulation. DOGE arrived at a $1 billion industry capitalization in January of this 12 months, when it was value a lot more than the Japanese yen.

Robinhood released zero-payment Bitcoin (BTC) and Ethereum (ETH) buying and selling for the initially batch of end users of its Robinhood Crypto platform in February of this 12 months. Robinhood Crypto is presently obtainable in 17 states, with buying and selling supported for 5 cryptocurrencies and genuine-time industry information for a wider range of coins.

Previous thirty day period, Bloomberg reported that Robinhood is in “constructive” talks with the U.S. Business of the Comptroller of the Currency (OCC) to obtain a banking license. According to sources familiar with the make any difference, Robinhood desires to offer you economic expert services like cost savings accounts and conquer out the level of competition of traditional financial institutions with improved fascination charges and a a single-halt economic support portal. The firm grew to become the matter of rumors in June, when job postings for cryptocurrency engineers led some to believe that Robinhood was developing its individual wallet.

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