Shiba Inu, Solana, Polygon And Compound Land On Robinhood: What You Need To Know

Shiba Inu SHIB/USD is among the four cryptocurrencies that were selected for listing by major retail-oriented stock and crypto exchange Robinhood Markets Inc. HOOD.

What Happened: Robinhood's official website shows that Shiba Inu is already trading on the platform, as well as Polygon MATIC/USDSolana SOL/USD and Compound COMP/USD. The addition follows December 2021 rumors that Shiba Inu was scheduled for listing in January, with a report suggesting that it was a "strong possibility."

See Also: How to get free crypto

The report follows Shiba Inu launching decentralized exchange ShibaDEX on Komodo's KMD/USD blockchain that allows the coin's users to exchange SHIB for a multitude of native cryptocurrencies and tokens — including major memecoins such as Dogecoin DOGE/USD.

SHIB Price Action: As of press time, Shiba Inu is trading at $0.000025 after seeing its price jump by 12% from a 24-hour low of $0.00002199. SHIB's trading volume also suddenly picked up from about $744 million to $957 million — a near-instantaneous increase of over 28%.

Photo courtesy of Robinhood. 

Market News and Data brought to you by Benzinga APIs
Posted In: CryptocurrencyMarkets
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!