Yahoo Finance Integrates Cryptocurrency Trading

Yahoo Finance integrates cryptocurrency trading on its platform. Users can buy and sell Bitcoin, Ethereum and Litecoin. The service also displays statistics on other cryptocurrencies, such as Bitcoin Cash, Ethereum Classic and EOS, but they are not currently available for trading. While checking the latest price data of these coins, Yahoo traders now see “Buy” and “Sell” buttons. The service is available only for US residents.

Pompliano and Odell About cryptocurrency trading on Yahoo Finance

Many representatives of the cryptocurrency community called this event an important achievement. The founder of Morgan Creek Digital Assets, Anthony Pompliano, for example, noted the news with a comment that “the virus is spreading”.
However, analyst Matt Odell wrote that in order to trade cryptocurrencies on Yahoo Finance, users will need an account on the Coinbase exchange or in the Robihood application. The specialist did not quite understand why traders and investors should use a third-party platform instead of the original service.

We remind that in December last year, the American cyptocurrency exchange Coinbase announced the integration with Yahoo Finance. Users have the opportunity to check balances on their accounts through a mobile application.
In addition to bitcoin and other major currencies, it also features many other altcoins.
Earlier, the former top manager of Wall Street and the founder of Galaxy Digital Capital Management, Mike Novogratz, said that the massive adoption of cryptocurrency and blockchain technology will take place in five or six years.
Meanwhile, Bitcoin goes on trading near the $7.000 mark, according to CoinMarketCap portal. At press time, the first cryptocurrency is trading around $6.953.
Ethereum is trading around $280 at press time, losing 4% over the last 24 hours, observing minor price change on the day.
Litecoin is currently trading around $60, down 4% on the day, according to CoinMarketCap.

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