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Online brokerage robinhood markets, inc. (HOOD) added four new cryptocurrencies to its trading platform on April 12, 2022, sparking excitement among cryptocurrency traders and holders.
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Robinhood Crypto now includes Compound (COMP), Polygon (MATIC), Solana (SOL) and Shiba Ibu (SHIB). All top 100 cryptocurrencies on Coinmarketcap rating.
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Robinhood is a commission-free trading platform that offers stocks, exchange-traded funds (ETFs), options, and cryptocurrency investment and trading products.
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Bitcoin, ethereum, litecoin, and dogecoin are just a few of the well-known currencies that Robinhood already accepts.
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With the four most recent additions, Robinhood now has 11 distinct cryptocurrencies available on its platform.
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Shiba Inu owners and enthusiasts took to Twitter and other social media platforms to share their excitement over the addition of the Shiba Inu.
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Robinhood's announcement led to a sharp initial price increase for the undervalued coin, which is up nearly 20% and trading at $0.00002646 as of this writing.
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The Shiba Inu is the 15th largest currency by market cap, with a net worth of around $15 billion.
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Increases were also seen in Compound, Polygon, and Solana, but these were modest compared to the Shiba Inu's gains.
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CoinMarketCap lists nearly 10,000 digital currencies, and CoinGecko lists over 13,000.
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