Mass Adoption Arriving: Bitcoin, Ethereum and Litecoin Are Now Tradeable on Yahoo Finance
Cryptocurrencies move ahead with a new integration into Yahoo Finance. It is now possible to buy and sell cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) on its trading platform. Other virtual currencies in the market that are very important for the community such as XRP, Stellar (XLM), Bitcoin Cash (BCH) and others do not have the buy and sell option at the moment.
The information has been revealed by the Twitter user @APompliano, founder and partner at Morgan Creek Digital, on August 29 saying that ‘the virus is spreading.’
You can now buy Bitcoin, Ethereum, and Litecoin on Yahoo Finance.
THE VIRUS IS SPREADING 🚀
— Pomp 🌪 (@APompliano) August 29, 2018
The data that is used at the platform at Yahoo is provided by CryptoCompare. Clearly, this is very positive for the cryptocurrency world that is now waiting for the approval of a Bitcoin ETF.
The surprising thing is that established virtual currencies such as Bitcoin Cash and XRP were not included in the platform. Both of them rank better than Litecoin in terms of market capitalization, but it seems that they do not follow the market cap to list coins.
Although there are other virtual currencies displayed on the platform, they do not have the buy and sell option. There is no information on whether Yahoo Finance will add new cryptos with the option to trade them.
In order for virtual currencies to be adopted all over the world, they need to be supported by different mainstream platforms and companies. During the last months, the comments that governmental agencies and regulatory bodies have given about cryptos, have affected the cryptocurrency market in general.
John McAfee, an important figure in the space, commented on the matter:
“What can we do? Take action. Write your Congressman; it sounds silly [but] while they are still in power, make them work. Go into your bank and demand that they allow crypto transactions. If they say no, ask them to recommend a bank that will. Demand the credit card companies to allow crypto payments.”
Nonetheless, there are some countries that are moving towards virtual currencies. We can mention Venezuela, where there are several retail stores that are accepting cryptocurrencies.
Argentina and Turkey are also being affected by high inflation rates and a lack of trust in their currencies. The interest for cryptocurrencies should increase in such nations.
At the moment of writing, Bitcoin is operating stable, as the whole crypto market. It is possible to buy each Bitcoin for $7,020 dollars, according to CoinMarketCap.
In the future, it would be very positive for investors and the market if Yahoo Finance adds support to other currencies. After this decision, other important financial companies could follow and add trading support for virtual currencies.