Cove Markets to link Robinhood Crypto in newest acquisition

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Cove Markets, an API platform that allows users to trade across numerous centralized exchanges and manage aggregate financial data, will be integrated into Robinhood Crypto, the discount brokerage announced late Tuesday.

Traders and investors can use Cove Markets to trade over 50 major currencies and altcoins on up to seven exchanges, including Coinbase (NASDAQ: COIN) Pro, Kraken, and Bitfinex.

With the deal, the two trading businesses said they planned to expand the amount of order routing and execution on Robinhood. Christine Brown, Robinhood Crypto’s chief operations officer, had the following to say about the development.

“The Cove Markets team’s wealth of experience in trading execution and crypto market infrastructure will help us to build more powerful trading capabilities, bringing the benefits of better competition in the crypto markets to our customers.”

Story by : Norvisi Mawunyegah