Yahoo Finance is the branch of the “Yahoo!” network. Yahoo Finance provides visitors with news, financials and stock quotes on its website. In addition, users have access to personal finance tools on the platform.
In addition, Yahoo Finance is now opening up more opportunities for users. Users can now buy and sell Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).
However, this feature is currently only available in the United States. US users represent 69% of Yahoo Finance's total users. In figures, of the 169 million monthly users on the site, 113 million come from the US. It should be noted that the website also has many visitors from Canada, the United Kingdom, Hong Kong and India. The service will probably be extended to these countries in the future as well.
The founder and partner of Morgan Creek Digital, Anthony Pompliano, was thrilled with Twitter. He wrote:
“Now you can buy Bitcoin, Ethereum and Litecoin through Yahoo Finance. The wildfire is spreading. “
Easily buy Bitcoin on Yahoo
Yahoo Finance itself does not interfere with purchases and sales. Rather, the website uses third-party brokers for this purpose. The process is similar to what Yahoo Finance also offers for buying and selling stocks.
Yahoo's official website states:
“Yahoo has Join TradeIt to trade through Yahoo Finance through your online broker. “
TradeIt provides a programming interface (API), retail and app developers Connects to any online finance broker.
For crypto-trading, there are partnerships with two crypto exchanges, namely Coinbase and Robinhood. Yahoo Finance itself does not store login or account information. Rather, one wants to offer the users the possibilities to handle all financial transactions conveniently only via a platform. For trading through Coinbase or Robinhood, clients will need an account each time they need to sign up.
On Yahoo Finance, users can then select the trade pair they want by clicking on it. For example, if customers wanted to buy Bitcoin (BTC), they would need to click on BTC / USD. Then you just click on the “Buy” or “Sell” button, for which you have to select the desired crypto exchange. Yahoo then redirects the user to the site of his crypto-exchange where he can place his order.
It's clear that more and more companies are turning to cryptography. This includes not only Yahoo, but also the US stock exchange Nasdaq. The industry is thus increasingly approaching the mainstream, which should accelerate the adoption of crypto currencies. The higher assumption, in turn, means fresh liquidity likely to benefit the prices.
Sources: Yahoo! Finance, Twitter, Yahoo! Help, Pixabay
Author: Peter Joost – Source Post: https://www.kryptovergleich.org/113-million-nutzer-koennen-jetzt-bitcoin-ethereum-und-litecoin-ueber-yahoo-finance-kaufen/
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