M1 Finance Launching Support for Litecoin And Other Cryptocurrencies

In a July 11th blog post, the US based brokerage firm M1 Finance announced plans to add crypto investing to their current investment offerings. With $5 billion dollars under management, the commission free brokerage plans to offer 10 cryptocurrencies initially.

Known for their user-driven customizable portfolios and passive rebalancing system, M1 Finance plans to extend this model into crypto investing. This allows users to make a semi-automated portfolio of cryptocurrencies that can easily be rebalanced to the original target percentages determined by the user.

Although the official list of 10 cryptocurrencies has not been released, the Litecoin logo is featured prominently on their website along with others including Bitcoin and Ethereum. Sign up for early access at https://m1.com/invest/crypto/.