Robinhood trading app has listed Shiba Inu (SHIB) on its platform, in addition to the meme token, the platform has also listed Solana (SOL), Polygon (MATIC), and Compound (COMP) tokens.
Shiba Inu (SHIB) has finally been added to the Robinhood app, according to Crypto Exchange Listing Bot, which monitors real-time exchange listings. In addition, the automated listing bot showed that Shiba Inu had been spotted on Robinhood’s servers.
Robinhood said it has listed the four tokens in response to increased demand from its clients, according to an official announcement on its blog.
The additional listings come after Robinhood offered out crypto wallets to nearly two million users on its waiting list, according to Steve Quirk, Chief Brokerage Officer. He also stated that the company would adhere to safety measures in order to safeguard investors.
Only buying and selling of these newly listed coins will be possible at this time. Due to security concerns, deposit and withdrawal services will not be available right now.
Given that it charges no brokerage costs, the app is widely credited with attracting a substantial level of retail interest in stock trading. It was also at the center of last year’s astronomical meme stock rally, which culminated in its public listing.
Robinhood boasts approximately 20 million active monthly customers, the majority of them are youthful investors looking to take advantage of the commission-free trading. In just a few hours, the price of newly listed cryptocurrencies has risen dramatically.
SHIB price has risen about 10%, according to CoinMarketCap, and is currently trading at $0.000026. In the meantime, the prices of SOL, MATIC, and COMP have risen by roughly 3%, 4%, and 5%, respectively.
