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Robinhood Allows Transfers Of Major Cryptocurrencies On Its Platform

Manoj Nair




Robinhood, the trading app in a major step towards ramping up crypto support has announced that it will enable all listed crypto-assets on its platform. The platform will now enable transfers of major cryptocurrencies like Bitcoin, Polygon, and Shiba Inu.

Robinhood Values Surge Post Announcement

The Trading app in a tweet said that users can make crypto transfers. In other words users can now send and receive all listed crypto assets on trading platform . The Trading app stocks had been sinking in values and performing poorly surged by 5% after this announcement on Thursday. Robinhood users who have signed up for Web Wallets waitlist are eligible to trade all cryptocurrencies available on the platform.

Major Surge In Values For Polygon, Shiba Inu

Meanwhile Polygon in a tweet announced Twitter that the $MATIC ERC20 token’s withdrawal and deposit are now available on the Robinhood app. Polygon also informed that Reddit will launch an NFT marketplace on Polygon.

The latest addendum by Polygon has been received with enthusiasm by the Polygon community. Sandeep, co-founder of 0xPolygon, tweeted that his aim is to Polygon one of the most impactful blockchain ecosystems, only behind Bitcoin and Ethereum.The market also reacted positively after this announcement and the Polygon values surged by 10% at $0.5743 in the last 24 hours.

Dogecoin killer Shiba Inu also saw huge surge in its values. Shiba Inu recently announced the addition of one more token, TREAT in its ecosystem. TREAT will be a reward token. Shiba Inu has also become the favourite meme coin for whales and they are recording the biggest transaction in its history. With Robinhood transfers now available for $SHIB, its price increased by around 6% in the last 24 hours. It is currently trading at $0.0000111.

Whether Robinhood’s stock prices will continue its upward momentum remains to be seen.

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