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Key takeaways:
Common buying and selling platform Robinhood has listed Solana, Shiba Inu, Polygon, and CompoundAll 4 newly-listed digital belongings have skilled vital upward value motion within the hours for the reason that announcementShiba Inu has jumped 20% on the information
Robinhood provides help for 4 new crypto belongings
Fee-free buying and selling platform Robinhood as we speak introduced the itemizing of 4 in style digital belongings, together with Shiba Inu, Solana, Polygon, and Compound. The monetary companies firm stated in a press release that the listings come as a response to group members constantly asking a few “broader choice of cryptocurrencies.”
Robinhood CBO Steve Quirk commented on the enlargement of the corporate’s crypto providing:
“We’re excited so as to add extra selections for our prospects as we work to make Robinhood the most effective place to spend money on crypto. As a safety-first firm, we have now a rigorous framework in place to assist us consider belongings for itemizing, and we stay dedicated to offering a secure and academic crypto platform.”
In celebration of the information, Robinhood has introduced it’s gifting away $100,000 to customers who take part within the Twitter promotion.
We dropped new crypto 👀 And we’re gifting away $100K of it. Quote tweet this tweet along with your Robinhood Username (@ included!) to get some 🪙 #RobinhoodCryptoThe first 10K quote tweets will obtain $10 of SHIB. pic.twitter.com/0jsBKYfJvw— Robinhood (@RobinhoodApp) April 12, 2022
Shiba Inu jumps 20% after Robinhood itemizing
All 4 digital belongings that Robinhood listed as we speak skilled a notable enhance to their costs. At press time, Solana is displaying 24-hour beneficial properties of three.5%, whereas Polygon and Compound are altering fingers up roughly 6.5% every.
The value of SHIB skilled a pointy uptick within the hours after the Robinhood itemizing.
Nonetheless, the favored memecoin, Shiba Inu, exploded by as a lot as 25% within the hours for the reason that announcement, earlier than retracing to “simply” 20% beneficial properties on the time of writing.
In opposition to a backdrop of multi-day lengthy bearish exercise, three of the 4 new digital belongings listed by Robinhood, specifically SHIB, COMP, and MATIC, managed to assert three of the highest 5 spots on the listing of as we speak’s largest gainers within the cryptocurrency high 100.
David is a crypto fanatic and an skilled in private finance. He has created quite a few publications for various platforms. He likes to discover new issues, and that’s how he found blockchain within the first place.
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