Four popular cryptocurrencies, including Shiba Inu and Solana, have been listed on Robinhood, according to the website.
A Robinhood confirmed the offerings in a blog post.
Tokens SHIB, SOL, MATIC from Polygon, and COMP from Compound have been added to Robinhood Crypto, the platform’s crypto-focused trading platform.
In the past hour, Shib prices rose by some 7%, according to CoinGecko. This is the second memecoin to be listed on Robinhood, following Dogecoin’s DOGE. COMP rose 6.6%, MATIC rose 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.
On the Robinhood app, the assets are available for purchase and sale immediately, however, deposits and withdrawals for them won’t be available until later.
The company announced last week that it had activated its crypto wallet for 2 million eligible customers, making digital asset transfers possible via the investments app..
In the past, speculation centered around potential crypto offerings from Robinhood, though the company’s CEO Vlad Tenev told investors it would wait for regulatory clarity.
There are seven cryptocurrencies available on Robinhood, including bitcoin (BTC), ether (ETH) and dogecoin (DOGE).
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