American cryptocurrency trading platform Robinhood has added popular memecoin Shiba Inu (SHIB) along with Solana (SOL), Polygon (MATIC) and Compound (COMP) to its crypto list. Although there has been no official release from Robinhood on the matter (except for a recent tweet), the favored Altcoins are now available on Robinhood’s website.
Robinhood’s chief brokerage officer, Steve Quirk, stated in a company post on Tuesday:
“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.”
At the Miami Bitcoin Conference 2022, Robinhood announced its plans to add the Lightning Network to the platform, allowing for faster Bitcoin transactions.
The announcement came six months after Robinhood revealed the development of a wallet feature that enables users to deposit and withdraw cryptocurrencies. In January, the fintech firm launched a beta version of the wallet that allowed traders to transfer Bitcoin, Ethereum, and Shiba Inu’s memecoin rival Dogecoin.
On the Flipside
- The price of SHIB token ‘reacted’ to the news with a 20% surge over the past 24 hours. Similarly, SOL and MATIC increased by 1% and 3.5% respectively while Compound recorded a 7.5% rise.