Yahoo! Finance has integrated Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) to its trading platform. Anthony Pompliano made the hint of the adoption through his twitter handle recently.
The tweet by Anthony Pompliano, Morgan Creek Digital’s Founder & Partner on the 29th of August gives cryptocurrency ecosystem a massive boost. The tweet states “You can now buy Bitcoin, Ethereum, and Litecoin on Yahoo Finance, The virus is spreading.”
The tweet is a massive boost for the cryptocurrency community because Yahoo, early innovator in the internet space is adopting cryptocurrency for trading. Yahoo Finance is a subsidiary of the Yahoo!
The adoption is not so new to the cryptocurrency community, because the Japanese wing of Yahoo had earlier stated plans to acquire a portion of Bitarg Exchange Tokyo, as it plans to start trading cryptocurrency on the platform come 2019.
Before the new notification, the Yahoo Finance platform has been offering to track cryptocurrencies such as Bitcoin Cash (BCH), though it has not provided it for trading on the platform.
The introduction of cryptocurrency trading to the Yahoo Finance platform boosts the image of cryptocurrencies globally, as Yahoo is an innovator in the communication space and has been in existence for over 20 years in the space.
Yahoo! Finance and The Cryptocurrency Race
Yahoo finance is a media platform that provides financial news, data and commentary including stock quotes, press releases, financial reports, and original content.
Yahoo finance is a part of Oath, the media division of Verizon, which is the largest business news website in the United States by monthly traffic.
Its adoption of cryptocurrency trading is an expression of the inevitable value cryptocurrency adds to a tech firm, news firm, countries and states in the ecosystem presently.
Since the first invention of cryptocurrency in 2009, the broad adoption that has trailed it has made a fortune for early investors. Equally, tech firms that have failed to adopt it are already missing out on the future technology.
Notably, countries that are yet to adopt the underlying technology blockchain are behind in the technology advancement race, as many states are already in the race of its adoption and implementation.
Though Yahoo is an innovator in the internet space, it missed out in the advancement to Google and other firms. Grabbing this opportunity at this moment might seem late, but there is a lot yet to be unravelled in the nascent technology.