Yahoo! Finance, Yahoo!’s financial provider of real-time stock quotes and financial information, has introduced a cryptocurrency trading option on its iOS app. There are four types of assets – Ethereum, bitcoin, Litecoin, and dogecoin – that are now available for trading via the Yahoo! Finance mobile app. Yahoo Finance announced about it pans to introduce Android version in the nearest future.
There were mixed reactions from crypto community to the new trading option. Many crypto enthusiasts said that this is an important step in the development of the market. On the other side analyst Matt Odell said that the Yahoo! Finance offeres just an interface, and to make transactions users still need to have an account on TradeIt, a platform that acts as a hub for trading financial assets.
The Yahoo! Finance started to work with TradeIt in September 2017, allowing users carry out in-app trading of traditional financial assets. The exposure to cryptos at the time was limited to data on prices and portfolio performance.
With the cryptocurrency trading option the financial news service will attract new users, which will be easier to track the course and perform operations on the platform.