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Trading of Bitcoin, Litecoin, and Ethereum is integrated within the Yahoo Finance platform.

A shift in the mainstream financial approach to cryptocurrencies occurred in the beginning of September, which might have a substantial impact over time. According to Coin Telegraph, Yahoo Finance revealed late in August that it would include bitcoin, ethereum, and litecoin trading on its website. Previously, the site only provided statistics. It now provides statistics on altcoins such as bitcoin cash, ethereum classic, and EOS, while trading is confined to the aforementioned popular coins. Some in the digital currency community hailed this move as a critical step toward the mainstream financial world’s adoption of digital currencies.

There are four cryptocurrencies that can be traded.
A fourth cryptocurrency, dogecoin, has been added to Yahoo Finance’s roster, joining BTC, ETH, and LTC. Dogecoin began as a gimmick, with a name based on a popular meme reference. It has, however, gone on to achieve actual success as a digital token.

Cryptocurrency trading was only available on Yahoo Finance’s iOS mobile app at the time of the announcement, not on the desktop version of the trading platform. Yahoo, on the other hand, has stated that cryptocurrency trading will be available on the platform’s desktop, mobile web, and Android versions in the future.

Partnership Tradelt

Yahoo teamed with trading platform Tradelt to make bitcoin trades feasible. Tradelt interacts with brokerage providers to make trading financial assets more convenient. Tradelt’s services were not just sought after by Yahoo; Coinbase joined with the company in 2017.

The trend toward cryptocurrency has come as no surprise to several Yahoo Finance employees. Indeed, Tradelt and the financial news service originally collaborated in September of 2017. Yahoo Finance offered customers the ability to trade traditional financial assets in-app through the relationship at the time. According to Coin Desk, exposure to cryptocurrencies was limited to data on prices and statistics on portfolio performance until September of this year. Since 2014, Yahoo Finance has been tracking the price of bitcoin, and it now tracks over 100 digital currencies across all of its platforms and around the world.

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Written by Jordana Williams

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