Robinhood Lists SHIB, AVAX, and COMP For New York Residents

by

Robinhood continues to add new cryptocurrencies to its platform, with the recent additions being Shiba Inu (SHIB), Avalanche (AVAX), and Compound (COMP), which are now available in more regions.

Robinhood Hosts SHIB, AVAX and COMP in New York

For New Yorkers, this announcement means they have access to purchasing, exchanging, and dealings with these altcoins through a widely-used trading platform.

Robinhood has recently added several digital currencies to its platform, which is just a small selection of the many cryptos out there. Importantly, most of these new additions were chosen based on their legal permissibility and jurisdictional requirements.

In early April, the foremost cryptocurrency trading platform revealed its intention to make Optimism (OP) available for traders in the European Union. Additionally, BONK, which is built on the Solana network, became accessible on Robinhood alongside Bitcoin (BTC), Dogecoin (DOGE), Solana (SOL), and Ethereum (ETH). This addition applied to customers in specific EU countries.

Adding these assets to Robinhood’s listings aims to broaden the company’s user base, while also benefiting most tokens by enhancing their popularity and usage. Getting listed on Robinhood, which is known for its reliability, can trigger a price surge for a token, providing greater exposure and convenience to more traders.

This action highlights the platform’s dedication to catering to its customers’ changing requirements, as it expands the selection of digital assets available for them to pick from.

So far, Robinhood holds a list of more than 30 curated digital assets.

Listed Altcoins May See Price Surge

When examined on a list, many tokens, such as BONK, tend to increase in value based on past observations. At present, SHIB is experiencing a 2% price rise and can be purchased for $0.00002661. Additionally, its burn rate has experienced a significant upward trend.

Shiba Inu’s burn rate has surged an astonishing 2200% over the past day, fueling excitement among crypto investors. Avalanche (AVAX) has seen a modest gain of 0.4%, currently priced at $38.57. Similarly, Compound (COMP) has risen by 0.90% and is now trading at $59.95.

Over the next few days, it’s possible that these alternative coins will experience further price growth due to heightened recognition, leading to greater trader interest.

Read More

2024-04-24 17:35