The favored buying and selling app has added a brand new cryptocurrency
Buying and selling app Robinhood has introduced the itemizing of Uniswap’s native UNI token, in keeping with a July 14 announcement.
The cryptocurrency is up roughly 18% over the previous 24 hours, in keeping with knowledge offered by CoinMarketCap.
In different information, the supporters of Floki Inu, one of many Dogecoin offshoots, lately created a Change.org petition with a view to record the token.
In April, Robinhood listed Polygon (MATIC), Solana (SOL), and Compound (COMP) along with meme coin Shiba Inu. In late June, the buying and selling app additionally listed Chainlink (LINK).
Robinhood initially added help for zero-fee crypto buying and selling again in February 2018. Bitcoin and Ethereum had been out there for the app’s customers proper from the beginning. Later, it additionally added help for a number of altcoins, together with meme cryptocurrency Dogecoin.
The addition of the brand new cryptocurrencies over the previous few months reveals that Robinhood has most likely associated its conservative itemizing coverage to woo extra prospects.
Robinhood was launched again in 2013 as a zero-free different to conventional brokerage companies. The app attracted loads of mainstream consideration throughout the GameStop sage in early 2021. It additionally benefited from the Dogecoin mania which contributed to an enormous increase within the firm’s income.
Robinhood finally went public in July. Its shares are at present down greater than 76% since its debut.
In June, Bloomberg reported that FTX was searching for a path to amass Robinhood, however the high-flying cryptocurrency alternate denied that there was a deal within the making.
