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Shiba Inu, Solana Tokens Among 4 Added to Robinhood
SHIB, SOL, Polygon’s MATIC and Compound’s COMP tokens were added to Robinhood Crypto.
Updated May 11, 2023, 5:29 p.m. Published Apr 12, 2022, 11:38 a.m.
Four popular cryptocurrencies, including the tokens of Shiba Inu and Solana, have been listed on the trading platform Robinhood, the website shows.
A blog post on Robinhood's website later confirmed the offerings.
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- SHIB, SOL, Polygon's MATIC and Compound's COMP tokens were added to Robinhood Crypto, the platform's crypto-focused trading platform.
- SHIB prices surged some 7% in the past hour, data from CoinGecko shows. It is the second memecoin to be listed on Robinhood, alongside Dogecoin's DOGE. COMP jumped 6.6%, MATIC added 3.5% and SOL 2%.
- "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," Robinhood's chief brokerage officer, Steve Quirk, said in the company's blog post.
- He added that the assets are available to buy and sell now on the Robinhood app, but deposits and withdrawals for them won't be available immediately.
- The additions come after the company said last week it activated its crypto wallet for 2 million eligible customers, making digital asset transfers broadly possible in the investments app.
- Speculation centered last year around potential crypto offering additions from Robinhood, though CEO Vlad Tenev had told investors the company would await regulatory clarity before doing so.
- Robinhood already offered seven cryptocurrencies including bitcoin , ether and .
UPDATE (April 12, 13:01 UTC): Adds link to Robinhood's blog post and company comment.
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