The cryptocurrency phenomenon is constantly growing as every day more businesses accept digital currency payments and more networks incorporate specific tokens in their trading catalogs. Crypto-assets continue to gain ground and are taking over finances as the world shifts to the digital platform.
The latest page to integrate cryptocurrency trading is Yahoo Finance, which introduced the possibility to buy and sell Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) on its platform this week. Initially, Yahoo Finance was a place to monitor the stock market, however, since last September, the site introduced the opportunity to trade assets directly through its app. There are other digital currencies available for consultation within the network, like Ethereum Classic (ETC,) EOS, or Bitcoin Cash (BTC.) However, they don’t provide the option to buy or sell like Bitcoin, Ethereum, and Litecoin.
The development has been greeted with joy within the trading community, which now has the chance to buy Bitcoin, Ethereum, and Litecoin on Yahoo Finance. Charlie Lee, Litecoin’s founder, expressed his approval of the platform’s decision to incorporate cryptocurrency trading by tweeting
“Mass adoption is achieved one step at a time.”
Bitcoin, Litecoin, and Ethereum’s Recent Behavior
BTC surpassed the $7,000 threshold on August 28, continuing an upward trend that was interrupted by today’s slight decline. Right now, the world’s most prominent cryptocurrency is trading at $7043, but the market is currently uncertain.
Meanwhile, ETH is still steady at $290, with marginal changes in market value in the last few days. In recent weeks, Ethereum’s price fell to the $270 range but is once again approaching $300 after the hiatus. Regarding Litecoin, its current value is at $62.
Yahoo Japan had been eager to incorporate a cryptocurrency exchange back in March, when it was announced that the plan was to have it up and running by April 2019 at the absolute earliest. The Japanese branch of the widely spread online all-around company had the intention of buying 40% of BitARG Exchange Tokyo in April, and from that point, the project’s foundation was going to start materializing.
A Little More About Yahoo Finance
Part of the vast Yahoo! network, the Yahoo Finance service is a well-known media site that publishes useful financial information day in and day out. Among the items posted are the latest developments in the stock market, economic and monetary reports, press releases, as well as original content. The page exists since 1997.
Yahoo Finance is also adept at offering its readers and users online tools to improve financial performance and funds management. The site also shows content from partners and associate networks. Starting from last year, Yahoo Finance is owned and managed by Oath, which is Verizon’s media department.
The addition of cryptocurrency to the site’s catalog is crucial, and very welcome by traders because Yahoo Finance has a sizable community: it is the most prominent business and financial news page in America, judging by monthly visits.
By Andrés Chávez