Four prominent cryptocurrencies, including Polygon, Compound, Solana, and Shiba Inu tokens, have been offered on the trading platform Robinhood.
Robinhood, a famous stock and cryptocurrency trading app, has quietly added support for a number of new digital assets, which first surfaced on the company’s websites but were later confirmed in a blog post on the company’s website.
“As a safety-first company, we have a rigorous framework in place to help us evaluate assets for listing, and we remain committed to providing a safe and educational crypto platform,” Steve Quirk, Robinhood’s chief brokerage officer, stated in a company blog post on Tuesday.
He went on to say that the assets are now available to purchase and sell on the Robinhood app, but that deposit and withdrawal will take some time.
SHIB prices have risen 7% in the last hour as a result of the listings, according to CoinGecko data. It joins Dogecoin’s DOGE as the second meme coin to be listed on Robinhood. COMP increased by 6.6 percent, MATIC by 3.5 percent, and SOL by 2%.
The updates come after the company said last week that it had enabled its crypto wallet for 2 million “eligible” users, allowing for widespread digital asset transactions via the formerly password-protected investing app.
Last year, speculation concentrated on whether or not Robinhood would add a crypto service, while CEO Vlad Tenev assured investors that the business would wait for regulatory clarification before doing so.
Prior to the new listings, Robinhood already supported seven cryptocurrencies: Bitcoin (BTC), Ether (ETH), Bitcoin SV (BSV), Bitcoin Cash (BCH), Dogecoin (DOGE), Litecoin (LTC), and Ethereum Classic (ETC) (ETC).