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Robinhood Adds SHIB, Solana, Compound and Polygon's MATIC

Crypto trading platform Robinhood has listed the popular meme coin Shiba Inu (SHIB) alongside Solana and others.

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This Shiba Inu dog has now inspired many meme coins. Image: Shutterstock

Robinhood, a popular stock and cryptocurrency trading app, has quietly added support for several more digital assets, including meme coin Shiba Inu (SHIB) and Solana (SOL).

Polygon (MATIC) and Compound (COMP) have also been added to the platform.

At the time of writing, there is no official announcement on the listing of new assets, however, they can be seen on the trading app's website.

The price of SHIB is up around 6% in the last hour, while SOL and MATIC are both up 2% over the same span.

Robinhood's crypto moves

Robinhood has been making moves in crypto in recent days; at the Bitcoin 2022 conference it announced that it's making plans to add the Bitcoin Lightning Network to its platform to enable speedier BTC transactions.

The announcement came some six months after Robinhood announced that it would develop a wallet feature enabling users to deposit and withdraw crypto assets; a beta of the wallet launched in January, allowing select users to transfer Bitcoin, Ethereum, and Shiba Inu's rival meme coin, Dogecoin.

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