Yahoo Finance Launches Trading Rights For BTC, LTC, ETH

Yahoo Finance Launches Trading Rights For BTC, LTC, ETHYahoo Finance, a well-established international business news platform, finally introduced trading rights for buying and selling of major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). This newly-introduced feature is a big leap for cryptocurrency adoption and the first step towards achieving a legal and regulated exchange.

ACCESSIBILITY

The Yahoo Finance webpage can be accessed by users from any part of the world. This only means that traders and users from any country gets a direct route to buying and selling of cryptocurrencies. The exchange is searchable through the ticker symbols or by clicking the “buy” and “sell” buttons on the page. Users are required to select a broker supported by crypto-trading APIs, like Coinbase and Robinhood, to undergo an automated brokerage connection process.

OPPORTUNITIES

Unquestionably, Yahoo Finance is a useful medium for institutional investors. It’s a mainstream financial outlet where traders search for news, data, portfolio, markets, and traditional stocks. On a grand scale, since the webpage is easily accessible with an internet connection, it can attract more cryptocurrency investments in the future, especially now that Bitcoin continues to trade near the $7,000 price point after it broke the highest threshold last August 28. At press time, it’s priced at $7,043.

Furthermore, Yahoo Japan recently announced that they’ve been wanting to break into cryptocurrency territories and establish a fully working cryptocurrency exchange, probably “in April 2019 or later” if they can manage to buy 40 percent of BitARG Exchange Tokyo. There’s no denying that the economy of Japan is highly developed and market-oriented, so when the project’s all set, global institutional investment can become a more realistic project. More people can learn about crypto—regardless of age, gender, location, and financial capacity.

LIMITATIONS

The aforementioned cryptocurrencies are the only ones available for trading. Statistics are available for other digital currencies like Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple (XRP), and Stellar (XLM), but they do not support buy and sell options or any trading rights. Results are generated every day, and these include the coins’ price (intraday), change, market capitalization, volume in currency, and circulating supply. The pricing data, however, is updated frequently.

Joan - Team BCF