Robinhood allows users to buy, sell, and trade cryptocurrencies and stocks. The app has just added four new crypto listings for its users to trade, and it is looking to expand more.
Here are the newest cryptocurrencies listed on Robinhood, and what listings may come next.
Robinhood New Listings
Robinhood has added the following cryptocurrencies as new listings on its platform.
- Shiba Inu (SHIB)
- Solana
- Polygon
- Compound
As of today, the four cryptocurrencies are now available to trade on Robinhood. The news of the app listing SHIB in particular caused the price of the coin to rally nearly 35%. The Shiba Inu community has praised Robinhood for finally adding SHIB to its listings after months of tweeting at the platform.
Both Polygon and Compound also saw price increases on the market. Polygon saw a price spike of 7.2%, while Compound saw an increase of 26.2%.
Robinhood also shared comments on the newest crypto listings:
Over the past year, our crypto customers have consistently asked for two things: the ability to send and receive their tokens, and a broader selection of cryptocurrencies. We’re excited to add more choices for our customers as we work to make Robinhood the best place to invest in crypto.
Robinhood team statement
What Crypto is Next on Robinhood?
Robinhood has seemingly left the door open for future cryptocurrencies to be listed on its platform. Some speculate that since the app hasn’t added cryptocurrencies in a while, they may start adding multiple new ones soon.
These include currencies such as Polkadot, Cardano, Terra, and Avalanche. With the current market down situation caused by factors such as Celsius Network’s lawsuit and Coinbase Bankruptcy rumors, Robinhood will likely be cautious in adding more coins right away.