Cove Markets Joins Robinhood Crypto in Real Estate

On Tuesday Short Price, Robinhood announced that Cove Markets will be part of Robinhood Crypto. Cove Markets is an API platform that allows consumers to trade across multiple media exchanges and manage financial data collection. Traders and traders can use Cove Markets to connect up to 7 exchanges such as Coinbase Pro, Kraken, Bitfinex and more to trade for over 50 major currencies and altcoins.

Both companies said the purchase was intended to increase Robinhood's order flow and packaging volume. Christine Brown, CEO of Robinhood Crypto, said of the improvements:

Cove Markets Group's experience in the cryptocurrency market and industry will help it develop strong business potential and provide its clients with greater value in the crypto industry.

We are delighted to invite Cove Markets to Robinhood! Our unique experience in the crypto industry and the crypto industry will help us create a better crypto platform for all Robinhood crypto traders.

—Christine (@christine_hall) October 14, 2021

In recent years, Robinhood has paid a lot of attention to the cryptocurrency industry. The day before, he announced a partnership with blockchain analytics firm Chainalysis to provide data and tools to build a traditional crypto wallet. The special was due to be announced early next year, and the current waiting list stands at over 1.6 million. But stock traders have had a tough year. Since the IPO, the title has fallen nearly 70% in August.