Robinhood Adds Major Cryptos, Including Shiba Inu and Solana

Robinhood Adds Major Cryptos

American financial services company Robinhood Markets has listed Shiba Inu, Polygon, Compound, and Solana tokens to trade on its platforms.

The exchange has opened specific pages for each of the four tokens urging interested traders to sign up to buy the tokens. Traders reportedly cannot access the tokens for trading yet.

The news has caused SHIB tokens to surge 7% in the past hour, while COMP, MATIC, and SOL are up 6.6%, 3.5%, and 2%, respectively.

The news follows an announcement by the company that it had activated its cryptocurrency wallet for 2 million qualified customers to enable digital assets transfers.

Robinhood’s CEO, Vlad Tenev,  announced last year that it was awaiting regulatory approvals before a potential cryptocurrency offering. The company has already been offering seven cryptocurrencies on its platforms, including Bitcoin, ether, and dogecoin.

Shiba Inu is a dog meme token launched in 2021, while Compound is a DeFi platform. Solana is a proof-of-stake blockchain, and Polygon is Ethereum’s scaling sidechain.

Source: Coindesk

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