Robinhood adds support for Dogecoin. The price soared to 18%

Robinhood adds support for Dogecoin. The price soared to 18%

Company Robinhood announced in his blog about adding Dogecoin (DOGE) cryptocurrency for its platform Robinhood Crypto.

The price of Dogecoin reacted instantly and in recent days the growth was 18%.

Recall that the project DOGE started as a joke. This cryptocurrency was introduced in December 2013 and currently has a market capitalization of $ 331 million US dollars.

Dogecoin have no restrictions on emissions, and currently the turnover is around 115 billion units of the cryptocurrency. DOGE had a market capitalization of $ 1 billion in January this year, when the price of it exceeded the price of the Japanese yen.

In February of this year, Robinhood launched a Bitcoin (BTC) and Ethereum (ETH). And last week the platform was added Litecoin (LTC) and Bitcoin Cash (BCH).

Despite the fact that Robinhood Crypto, is currently available in only 17 U.S. States, this service is very popular, as it works without a Commission.

Last month, Bloomberg reported that Robinhood is in the process of negotiations with the Office for the control of U.S. currency (OCC) to obtain a banking license. According to sources familiar with this issue, Robinhood intends to provide financial services such as savings accounts, and beat the competition on the financial market at the expense of the best interest rates.

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