Users of the popular trading app can now trade Grayscale, GBTC and ETHE investment vehicles.
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The flagship cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. investment funds of Grayscale are now available to the more than 15 million customers of the Robinhood .
The popular financial services platform a place to buy, sell and store cryptocurrency Robinhood has added support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for trading the products Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. Trust a trust is a fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary. (GBTC) and Ethereum a decentralized open-source blockchain with smart contracts functionality. Trust (ETHE) of Grayscale . The move will allow users of the app to trade the funds, which offer exposure to the two major cryptocurrencies without the need to directly purchase or store the digital assets.
Barry Silbert, the founder and CEO of Digital digital technologies are these electronic tools that have the ability to generate, store or even process data. Currency currency is a medium of exchange that defines value. Group, parent company of Grayscale, announced the latest adoption of Robinhood in a tweet este viernes.
Finally! You can now trade Grayscale Bitcoin Trust and Grayscale Ethereum Trust on Robinhood$GBTC$ETHE https://t.co/MzOJxvI7GG
– Barry Silbert (@BarrySilbert) May 6, 2022
Grayscale es uno de los mayores proveedores de vehículos de inversión en criptomonedas. La empresa lanzó GBTC, su principal fondo para invertir en Bitcoin , en 2014. Ese vehículo de inversión, que es el más grande y popular de su oferta comercial, tiene actualmente USD $24.600 millones en activos bajo administración (AUM), según data of the firm .
In the meantime, its background Ethereum Trust whose shares reflect the value of the second largest cryptocurrency, has just over $8.4 billion in assets under management. Grayscale has 15 other cryptocurrency trusts.
Giant admin products now included in the app’s asset offering Robinhood who added Bitcoin for the first time in 2018 and has been expanding its cryptocurrency business ever since. Last month the platform announced the addition of four new cryptocurrencies:Compound, Polygon , Solana y Shiba Inu .
Robinhood also recently began implementing a cryptocurrency wallet a place where cryptocurrency users can store, send and receive digital assets. feature, a product that allows users to send their cryptoassets outside of the platform for the first time. It has also announced plans to add support for Lightning Network a network refers to all nodes in the operation of a blockchain at any given moment in time. a layer-two solution that makes it faster and cheaper to transact Bitcoin.
The app recorded a total of 17.3 million monthly active users for the first quarter of 2022.
- Robinhood moves ahead with expansion into Europe, announces purchase of UK-based Ziglu
- Robinhood quarterly report reveals 25% of revenue comes from cryptocurrency trading
- Grayscale CEO says it’s “a matter of time” before the SEC approves the first Bitcoin ETF an Exchange-traded Fund, an investment fund that users trade on exchanges and trading platforms. in the U.S.
Article by Hannah Estefania Perez / DiarioBitcoin
Image from Unsplash edited in Canva
