Beginning in February, residents in five states will be the first to be able buy and sell — California, Massachusetts, Missouri, Montana and New Hampshire — with other states following in waves until trading is available nationwide. Starting Thursday, all users can track market data for 16 coins (including litecoin and ripple), read crypto news, and create price alerts on Robinhood.
“It is fairly obvious that people care about [cryptocurrency],” says Baiju Bhatt, co-founder and co-CEO of Robinhood. “We want to be there and help shape the way the industry goes with a better platform at a better price.”
Cryptos can be even riskier than other investments because of extreme volatility and security risks associated with an asset in its relative infancy. But that hasn’t stopped a wave of investors looking to jump in.
Bitcoin has been the word on everyone’s lips for the past few months, as the cryptocurrency has hit record highs. It has more than doubled since October and is now trading around $11,000, though down from its high just shy of $20,000 in December. Read more from money.cnn.com…
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