Square Cash, an app for sending and receiving fiat currency from the mobile payments company Square, has now made Bitcoin trading available for almost all of its users.
Since Square operates on a Point of Sale network, the addition of Bitcoin to its mobile services means that in the future any businesses that uses Square’s payment system will potentially be able to accept Bitcoin as a form of payment.
The company says they will not add additional transaction fees for buying and selling Bitcoin on the Cash App, the app calculates the price at which you can buy and sell from the quoted mid-market price, an average across major exchanges. According to Square, users will be allowed to buy up to $10,000 in Bitcoin a week, while there is no limit for selling.
Square’s announcement comes right after Robinhood, another trading app, announced that it would begin allowing users to trade in Bitcoin and Ethereum without fees starting in February.
MOST TRADED ASSETS
- Binary Options
- Digital Options
- Forex
- Stocks
- Indices
- Commodities
- ETFs
-
EUR/USD
1.08
+0.45% -
USD/JPY
153.57
-0.43% -
GBP/USD
1.3
+0.62% -
AUD/USD
0.67
+1.29% -
GBP/JPY
199.15
+0.18%
-
Microsoft Corporation
420.09
+2.14% -
Tesla, Inc.
288.54
+7.68% -
NVIDIA Corporation
145.52
+2.88% -
Amazon.com, Inc.
207.21
+3.78% -
ThyssenKrupp AG
3.52
+5.86%
-
Gold
2682.59
+0.63% -
Crude Oil WTI
71.15
-0.47% -
Crude Oil Brent
74.67
-0.5% -
Silver
31.6
+1.07% -
Natural Gas
2.88
-0.73%
-
US 100
20876.08
+0.39% -
US 30
43826.5
-0.1% -
US 500
5953.11
+0.18% -
GER 30
19302.4
+1.36% -
US 2000
2393.86
-0.34%
-
20+ Year Treasury Bond ETF
90.22
+0.62% -
Daily Junior Gold Miners Index
46.93
+3.75% -
S&P 500 ETF
591.03
+0.39% -
Bitwise Bitcoin ETF (BITB)
41.53
+2.79% -
UltraPro Short QQQ
6.66
-3.06%
Your capital might be at risk
Related posts
2 stars of the crypto market: Bitcoin vs. Ethereum
Day Trading Cryptocurrencies on IQ Option
Cryptocurrency News: Where Are We Headed?
Crypto Trading: Still Hot or Not?
Trading CFDs on Crypto with IQ Option
Bitcoin Technical Analysis: July 2020. Bulls or Bears?
Bitcoin Technical Analysis for July 2019
India Taking Back Control of Their Data Against Digital Gangsters?