Robinhood Provides Guidance for Dogecoin on Its Crypto Platform

U.S.-based mostly buying and selling company Robinhood has additional assist for Dogecoin (DOGE) on its Robinhood Crypto system, according to a site post released July 16.

DOGE is a peer-to-peer digital currency started as a parody on a dog meme primarily based on a true Japanese Shiba Inu named Kabosu. DOGE was released in December 2013, and currently has a marketplace capitalization of $331 million in accordance to Coinmarketcap. With today’s announcement, DOGE has joined Litecoin (LTC) and Bitcoin Cash (BCH), which were being extra to the system last 7 days.

Dogecoin has no limit to how a lot of coins can be mined, with more than 115 billion currently in circulation. DOGE achieved a $1 billion current market capitalization in January of this yr, when it was truly worth a lot more than the Japanese yen.

Robinhood launched zero-fee Bitcoin (BTC) and Ethereum (ETH) trading for the initial batch of people of its Robinhood Crypto platform in February of this yr. Robinhood Crypto is at this time available in 17 states, with buying and selling supported for five cryptocurrencies and real-time market place facts for a broader array of cash.

Final thirty day period, Bloomberg claimed that Robinhood is in “constructive” talks with the U.S. Office environment of the Comptroller of the Forex (OCC) to receive a banking license. According to sources acquainted with the subject, Robinhood wishes to give fiscal solutions like savings accounts and conquer out the opposition of standard banking institutions with far better fascination prices and a a single-quit fiscal provider portal. The enterprise became the subject of rumors in June, when career postings for cryptocurrency engineers led some to consider that Robinhood was building its personal wallet.

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