Robinhood Crypto App Adds Candlestick Charts Due to Popular Demand

Cell buying and selling app Robinhood is rolling out candlestick charts to “greater tell” its customers, the corporate introduced Tuesday.

After a rollout over the following two weeks, all Robinhood customers will have the ability to see the brand new chart possibility – a device investors use to watch worth job – for every of the 16 other cryptocurrencies lately indexed at the app, together with with the opposite shares, choices and exchange-traded price range presented, a spokesperson instructed CoinDesk.

She defined:

“Candlestick charts lend a hand traders greater know how costs transfer. They display the open, top, low, and shut worth all over a given time period, and the way unstable the associated fee has been, whilst a line chart best presentations the shut worth. With this knowledge, traders too can decide how unstable the associated fee has been.”

The addition got here according to “day by day” requests from investors for the characteristic, the spokesperson mentioned, including that “our buyer give a boost to staff has won 1-2 tickets from consumers in line with day, on reasonable.”

“Bringing this selection to Robinhood will considerably fortify the client enjoy and lend a hand traders make better-informed choices. That is in step with our challenge to supply traders with the most productive monetary merchandise on the lowest value,” she mentioned.

Robinhood has noticed a considerable amount of pastime since launching its crypto choices in January, she mentioned, explaining that greater than “1 million consumers signed up for early get right of entry to within the first 5 days following the announcement.”

At the present, the app has greater than five million consumers, regardless that the spokesperson declined to mention how a lot buying and selling quantity the corporate noticed.

Then again, she claimed that “Robinhood Crypto is without doubt one of the greatest cryptocurrency buying and selling platforms within the U.S.”

Shoppers can business or spend money on bitcoin, ethereum, litecoin, bitcoin money, dogecoin and ethereum vintage, in addition to track different cryptocurrencies.

Chart and cryptocurrencies symbol by the use of Shutterstock

The chief in blockchain information, CoinDesk is a media outlet that strives for the easiest journalistic requirements and abides through a strict set of editorial insurance policies. CoinDesk is an unbiased working subsidiary of Virtual Foreign money Workforce, which invests in cryptocurrencies and blockchain startups.

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