- Robinhood, a popular stock market platform, now supports trading Chainlink (LINK).
- Since listing COMP, MATIC, SOL, and SHIB in April, this is the first time the platform has added new tokens.
- Sam Bankman-Fried revealed a 7.6% stake in the firm last month, causing a 40% one-day stock price jump.
The prominent stock exchange platform, Robinhood, has officially added support for trading Chainlink (LINK). After the crypto began to appear on the platform’s website, the publicly listed corporation formally acknowledged that it would be adding support for the listing.
According to the statistics given by the analytics platform, CoinGecko, the price of the LINK token has increased by over 5% as a direct result of the listing. At the moment, its total market capitalization places it in 22nd place among all tokens.
Since the middle of April, when Robinhood tokens such as Compound (COMP), Polygon (MATIC), Solana (SOL), and Shiba Inu (SHIB), this is the first time the platform has listed new tokens.
The cryptocurrencies presently featured on Robinhood include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH), Dogecoin (DOGE), Bitcoin SV (BSV), Polygon (MATIC), Shiba Inu (SHIB), Compound (COMP), and Solana (SOL).
In related news, just last month, Sam Bankman-Fried announced a 7.6% stake in Robinhood and it caused a spike in the price of the company’s shares of stock by more than 40% in a single day.
According to recent speculations, the FTX cryptocurrency exchange, which is owned and operated by Sam Bankman-Fried, is investigating the possibility of acquiring Robinhood Markets Inc (NASDAQ:HOOD).
However, Bankman-Fried denied these reports saying that:
We are excited about Robinhood’s business prospects and potential ways we could partner with them. That being said, there are no active M&A conversations with Robinhood.