After bitcoin, the largest cryptocurrencies are Ethereum, Ripple, Bitcoin Cash and Litecoin. Bitcoin futures debuted on the Cboe in December, followed by a launch on the CME. Nasdaq Inc. is still considering entering the bitcoin futures competition. Market observers previously expected Nasdaq to launch futures on the digital currency this year, perhaps as early as the second quarter.
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“While traders are limited to trading BTC and ETH, they can access market data on more than a dozen altcoins. Robinhood Crypto offers features like ‘instant access” to funds via deposits or stock sales, which is a streamlined approach that traders are sure to like versus the alternative of waiting for their funds to arrive on other platforms,” according to CCN.
California-based Robinhood generates revenue on fee and subscription models as well interest gained in user accounts.
For more information on the cryptocurrency market, visit our Bitcoin category.