Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Robinhood Adds Shiba Inu, Solana and Other Cryptos to Platform

Published 2022-04-12, 11:18 a/m
Updated 2022-04-12, 11:18 a/m
© Reuters

© Reuters

By Sam Boughedda

Investing.com -- On Tuesday, retail stock trading platform Robinhood Markets Inc (NASDAQ:HOOD) added four popular cryptocurrencies, taking its total to 11.

The broker now offers popular cryptocurrencies Solana, Shiba Inu, Polygon, and Compound.

The news saw Shiba Inu surge around 25%, while the other cryptos also made strong moves higher. 

Shiba Inu is classed as the second “memecoin” added to Robinhood, after Dogecoin.

“We’re excited to add more choices for our customers as we work to make Robinhood the best place to invest in crypto,” stated Steve Quirk, Chief Brokerage Officer at Robinhood, in a post on the company's blog.

“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," he added.

Last week Robinhood said it had activated its crypto wallet for two million “eligible” customers.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.