Robinhood’s 4 New Crypto Tokens: Shiba Inu, Solana, Polygon, and Compound

In the early hours of the morning, the popular stock and crypto trading giant Robinhood quietly added a few more tokens to its offerings, rounding it out to 11.

Included in the new offerings are the ever-progressing innovator Solana (SOL), the Ethereum-based token and technological platform Polygon (MATIC), the beloved, dog-themed meme-coin Shiba Inu (SHIB), and the original defi token Compound (COMP).

Robinhood’s support of these 4 tokens has had an immediate effect on stocks, with SHIB rising almost 25% an hour (5:00 AM EST) following the news and the others rising just as rapidly.

Robinhood Making Crypto Moves in Miami

At the Bitcoin 2022 Conference in Miami, Robinhood announced that it would be adding a new feature to its platform, Lightning Network, to allow for speedier BTC transactions, meaning instant payments, lower costs, and off-chain transactions.

The announcement comes only 6 months after the trading giant shared that a wallet feature, enabling users to deposit and withdraw crypto assets, was in the works. Most recently, though, a beta of the wallet launched in January, allowing select users to transfer major cryptocurrencies including Bitcoin, Ethereum, and another well-beloved meme coin, Dogecoin.

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Kevin Ross
Kevin Rosshttps://blogwallet.com
Kevin "KevRoss" Ross is a music and radio industry expert. He is a 20 -plus year entrepreneur with the leading most successful industry trade publication and site Radio Facts (www.radiofacts.com). He has also published various books, magazines, performed marketing and promotions for major corporations and recording artists and he is on the advisory board of several industry organizations. This year Ross introduced his non profit organization LOMARI (Leaders of the Music and Recording Industry) to help teach young minority students how to market and manage their music and products.

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