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MATIC, SHIB, SOL and COMP Tokens Added To Popular Robinhood Trading Platform

Robinhood Crypto was updated with SHIB and SOL tokens for Polygon's MATIC, Compound's COMP tokens, and Polygon's MATIC tokens....
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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).

Felipe Rodriguez

Felipe Rodriguez

Felipe states he has super powers, some argue that case but he does come up with some very clear predictions. Felipe is based in the US and frequently travels to Brazil where he was born. He is a journalist of the future and has a portfolio of crypto projects he has worked with. Felipe always says "The future doesn't scare me as much as the past, crypto is here to stay but only time will tell where it will take us".
Felipe Rodriguez

Felipe Rodriguez

Felipe states he has super powers, some argue that case but he does come up with some very clear predictions. Felipe is based in the US and frequently travels to Brazil where he was born. He is a journalist of the future and has a portfolio of crypto projects he has worked with. Felipe always says "The future doesn't scare me as much as the past, crypto is here to stay but only time will tell where it will take us".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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