Robinhood Crypto was updated with SHIB and SOL tokens for Polygon’s MATIC, Compound’s COMP tokens, and Polygon’s MATIC tokens.
The website lists four popular cryptocurrencies, including Solana and Shiba Inu tokens. Later, a blog entry was posted on Robinhood’s site to confirm the offerings.
SHIB and SOL as well as Polygon’s MATIC and Compound’s COMP tokens have been added to Robinhood Crypto. This platform is a crypto-focused trading platform.
According to CoinGecko data, SHIB prices rose by around 7% over the last hour. This is the second listing of a meme coin on Robinhood after Dogecoin’s DOGE. COMP rose 6.6%, MATIC jumped 3.5%, and SOL 2%.
Robinhood’s chief broker officer Steve Quirk stated in a Tuesday post that “as a safety first company, we have put in place a rigorous framework to help us assess assets for listing. We remain committed to providing an educational and safe crypto platform.” Quirk stated that assets can be bought and sold now through the Robinhood app but withdrawal and deposit for them will not be possible immediately.
These additions follow ‘s last week announcement that it activated its cryptocurrency wallet for 2,000,000 “eligible” customers. This makes digital asset transfers in the long-firewalled investments app broadly possible.
Last year, speculation was centered around Robinhood’s potential additions to crypto offerings. However, CEO Vlad Tenev had stated to investors that the company would wait for regulatory clarity before making such an announcement.
Robinhood already offers seven cryptocurrency including bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).
