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Users of Robinhood, the commission-free investing app, will soon be able to invest in cryptocurrencies alongside more traditional investment offerings, the company announced Thursday. Bitcoin is not new to Bhatt and Robinhood co-founder and co-CEO Vlad Tenev, though. Men were more interested than women in putting their money in crypto, with 14 of Millennial men saying they would opt for that over any other investment, compared with 9 of women. But that hasn't stopped a wave of investors looking to jump. Currently, most people buy cryptocurrencies like bitcoin and ethereum at digital exchanges like Coinbase. "It is fairly obvious that people care about cryptocurrency says Baiju Bhatt, co-founder and co-CEO of Robinhood. This material may not be published, broadcast, rewritten or redistributed). "The thing we're seeing now, over the past year is that crypto and bitcoin are showing resiliency says Bhatt. Any additional funds transferred will land in your account via the normal ACH transfer median average crossover strategy forex trading system. It has gone up and gone down. 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 isn't clear which are going to emerge as the best and the way people invest in crypto today will not be the way they do in the future, but we aim to be a part of the future.". Starting Thursday, all users can track market data for 16 coins (including litecoin and ripple read crypto news, and create price alerts. "Crypto-currencies have the potential to change how money around the world works from the ground up he says. There's growing demand - particularly among young people - to get in on the action. "We want to be there and help shape the way the industry goes with a better platform at a better price.". Powered by m, m "It is fairly obvious that people care about cryptocurrency says Baiju Bhatt, co-founder and co-CEO of Robinhood. A recent study showed that if given 5,000, 12 of Millennials would put the money into cryptocurrency over any other type of investment, according to Swell Investing. Copyright 2018 by CNN NewSource. Cnnmoney (New York first published January 25, 2018: 11:22 AM ET). Related: Bitcoin mania: What the big names of finance are saying. NEW york (cnnmoney) - Users of Robinhood, the commission-free investing app, will soon be able to invest in cryptocurrencies alongside more traditional investment offerings, the company announced Thursday. Robinhood will offer easy access to funds, says Bhatt. 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.
And Robinhood is betting their entrance into the space will make investors more comfortable at the table. Trading app tries to fix a 'rigged' financial system. That's compared with just 3 robinhood trading app introduces cryptocurrency of those aged 45-54 and 55-64. "It is a shift from institutions back to the people and we want to be central in creating that change.". They have been looking at bitcoin and cryptos for a long time, even as far back as 2010 when they were doing their own crypto mining on personal computers. For a company that has pegged itself as democratizing capitalism and making high-end financial products available to everyone, offering crypto is a natural fit with Robinhood's mission, Bhatt says.
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