According to the website, four prominent cryptocurrencies, including Shiba Inu and Solana tokens, have been featured on the trading platform Robinhood.
The products were later confirmed in a blog post on Robinhood’s website.
Robinhood Crypto, the company’s crypto-focused trading platform, has added SHIB, SOL, Polygon’s MATIC, and Compound’s COMP coins.
According to CoinGecko data, SHIB prices have increased by 7% in the last hour. It joins Dogecoin’s DOGE as the second memecoin to be listed on Robinhood. COMP increased by 6.6 percent, MATIC by 3.5 percent, and SOL by 2%.
Steve Quirk, the chief brokerage officer of Robinhood, stated:
“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.”
The assets are now available to purchase and sell on the Robinhood app, but deposits and withdrawals will not be available right away, according to him.
The updates follow the company’s announcement last week that it had enabled its crypto wallet for 2 million eligible clients, allowing for widespread digital asset transactions in the investing app.
Last year, speculation concentrated on whether or not Robinhood will add a crypto service, while CEO Vlad Tenev assured investors that the business would wait for regulatory clarification before doing so.
Seven cryptocurrencies, including bitcoin (BTC), ether (ETH), and dogecoin (DOGE), were already available through Robinhood (DOGE).