By Adedapo Adesanya
Nigeria’s first micro-investing platform, Trove, announced that it has added Bitcoin and several other cryptocurrencies to its platform.
This means Trove users will be able to buy and sell major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Tron (TRX), and Dash (DASH) directly via the Trove app, in addition to its existing local and foreign stocks, ETFs, and bonds already on the Trove platform.
Speaking on this, Mr Oluwatomi Solanke, CEO & Co-Founder of Trove Finance said, “what we have built is a real-time cryptocurrency trading platform designed with a user-first approach and is optimised for speed and security. We are excited about the possibilities that this opportunity opens up for our users.”
With Trove adding cryptocurrencies to its platform, users can expect an increase in the adoption of Bitcoin and other cryptocurrencies.
According to a report from Quartz Africa in December, Nigeria became the second-largest Bitcoin market in the world and this has helped it tap into the many potential available on the platform.
According to Trove, its platform is built with users in mind and will enable customers to place market and limit orders for the different cryptocurrencies now available on the platform.
Mr Solanke also commented that additional crypto-specific features will be available in the near future.
Trove Finance is Nigeria’s first micro-investing platform that allows users to trade Nigerian, Chinese and US stocks, ETF, bonds and cryptocurrencies.
The best part is that a user can trade with as low as N1,000, for Nigerian stocks and cryptocurrencies, and as low as $10 for foreign stocks.