Robinhood has had a stock price in the last 24 hours as its app will now support the transaction of cryptocurrencies like Bitcoin, Polygon, and Shiba Inu.
Robinhood, a trading app, announced that it is now accepting transfers for all listed crypto-assets on its platform. The app has announced that it would now accept transfers of major cryptocurrencies including Bitcoin, Polygon, and Shiba Inu.
“Crypto transfers are here,” Robinhood tweeted. On Robinhood, you may now send and receive all listed crypto assets: http://rbnhd.co/crypto-list.” Robinhood’s stock price, which had been declining in previous months, has risen by about 5% since the announcement on Thursday.
All Robinhood users who signed up for the WebWallets queue will now be able to trade any cryptocurrency on the site.
Polygon stated on Twitter that the withdrawal and deposit of the $MATIC ERC20 token are now available on the Robinhood app. Reddit will also open an NFT store on Polygon, according to Polygon.
The new upgrades to the ecosystem have sparked a lot of excitement in the Polygon community. Sandeep, the co-founder of 0xPolygon, announced on Twitter that his goal is to make Polygon the third most influential blockchain ecosystem, trailing only Bitcoin and Ethereum. Polygon’s price has risen by more than 10% in the previous 24 hours to $0.5743.
Shiba Inu prices have also risen significantly. Shiba Inu just released a new token Treat, which can be used as a reward. It has become a popular destination for whales, with Shiba Inu recording the largest trade in its history. With Robinhood transfers now available for $SHIB, its value has risen by approximately 6% in the previous 24 hours. It is currently worth $0.0000111.
According to a Forbes story, there is speculation regarding whether Robinhood can be purchased. According to sources, FTX CEO Sam Bankman-Fried is considering purchasing the site. SBF recently bought a 7.6 percent stake in the company.
Robinhood’s stock price has also underperformed. Its IPO price was $38 and it achieved an all-time high of $ 55.01, but it was trading at $8.97 yesterday. Since the announcement of cryptocurrency transfers, its stock price has risen by 4.5 percent to more than $9.
It remains to be seen whether Robinhood’s stock prices maintain their upward trend.
