Yahoo Finance has integrated the possibility of trading with bitcoin, Ethereum and Litecoin on its platform. The service also displays the statistics for other cryptocurrencies, such as Bitcoin Cash, Ethereum Classic and EOS, but they are for trade currently unavailable.
Some members of the cryptocurrency community, including crypto-enthusiast and founder of Morgan Creek Digital, own an index Fund that contains a basket of digital assets, Anthony Pompliano, I think this news is an important achievement in the development of digital assets.
You can now buy Bitcoin, Ethereum, Litecoin and on Yahoo Finance.
THE VIRUS IS SPREADING 🚀
— Pomp 🌪 (@APompliano)
However, analyst Matt Odell on the fact that the Yahoo tool is only a frontend interface that requires connection to a brokerage account. In other words, users still need an account on the exchange Coinbase or app Robinhood to trade cryptocurrency via Yahoo Finance. In this regard, Odell wonders why users resort to using third-party interface instead of the original service.
In addition to the cryptocurrency in the list you can find traditional brokers, which allow users of Yahoo Finance to enter into transactions with securities
Dedicated to the cryptocurrency section, through which users can track the movements of digital assets, on Yahoo Finance appeared at the beginning of December last year. A week later, integration with the service reported by the American stock exchange Coinbase. Through this collaboration, users have the ability to check balances on their accounts at the exchange via the mobile app, Yahoo Finance for Android and iOS.
“This integration is another sign of how brands with a large number of consumers respond to the growing demand of its clients in the digital currency. Awareness of this new asset class and technology is growing, and Yahoo Finance simplifies the process of obtaining the latest information for users of Coinbase by integrating its service with our stock exchange,” said Coinbase.