coinculture.com
Chainlink (LINK) has gotten listed on the Robinhood stock trading app. The publicly listed corporation has verified the listing even after the cryptocurrency began to appear on its website.
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LINK is now on Robinhood @chainlink #CryptoListing https://t.co/0aTjVAOhMy
— Robinhood (@RobinhoodApp) June 28, 2022
The price of the LINK token has increased by over 4%, according to statistics from CoinMarketCap. It ranks twenty-second in terms of market capitalisation.
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Robinhood added support for Solana (SOL), Shiba Inu (SHIB), Polygon (MATIC), and Compound (COMP). Before that, the company’s top executives emphasised the app’s conservative listing policy.
The meme coin Dogecoin was added to the platform in 2018, alongside Bitcoin, Ethereum, and some other prominent cryptocurrencies.
Bloomberg reported on Monday that cryptocurrency firm FTX was considering purchasing Robinhood. However, the exchange, led by the millionaire Sam Bankman-Fried, promptly refuted the rumours.
In May, Bankman-Fried announced the acquisition of a 7.6% interest in the firm, causing its shares to surge by more than 40% in a single day.
Additionally, Robinhood announced the development of its non-custodial bitcoin wallet, enabling customers to handle their coins independently.
Since early this year, shares of Robinhood have plummeted by more than 50% due to a decrease in user growth caused by the market collapse. Following FTX’s denial of the purported takeover proposal, its shares continue to decline in pre-market trade.
According to a report issued earlier this week by the House Committee on Financial Services, the corporation was on the point of collapse during the GameStop scandal in early 2021.