New Delhi โ After waiting for months, Robinhood finally listed the Shiba Inu cryptocurrency for trading on Tuesday. After which the crypto, Shiba Inu, Solana is seen flying.
Today, Bitcoin is up over $40,000 amid a broad rally in financial markets, while the Shiba Inu is up over 20%. However, Bitcoin, one of the largest and most popular cryptocurrencies in the world, was down 2.1% at $40,048.
The coin launch was one of the biggest parts of a further expansion of the trading app's cryptocurrency offerings.
Now Polygon (MATIC), Solana (SOL), and Compound (COMP) have also been listed on the site. This led to the sharp drop in early trading on Tuesday.
Shiba Inu was seen at more than 21%, while ET. Solana saw a 5% rise. The compound, on the other hand, jumped almost 7%. And the value of Polygon was almost almost 8% higher.
Now, news of additional and additional offers comes just days after Robinhood made its crypto wallet available to 2 million waitlisted users. With this, users can now directly interact with cryptocurrencies. Additionally, members can use their wallet to buy NFTs, send crypto to other crypto traders with no withdrawal fees, but you cannot store NFTs and are limited to crypto that Robinhood trades.
This platform will now allow its users to buy and sell Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin.
