Famous cryptocurrency exchange Robinhood has listed the oracle network Chainlink (LINK) on its platform. Recently, the crypto exchange meme coin added support for popular tokens like Shiba Inu (SHIB), Solana (SOL), and Polygon (MATIC). With the effect of Robinhood listing news, altcoin price rose with the first reaction.
Altcoin price started to rise with the news of Robinhood listing
Popular cryptocurrency exchange Robinhood shared the news of the listing on its Twitter account. Meanwhile, the price of Chainlink (LINK) is up about 5% on the first impact. However, the price later declined. LINK price was trading at $6.59 at press time, gaining 1.48% on a daily basis. Additionally, the token’s 24-hour trading volume increased by nearly 50% to reach $605 million.
Chainlink (LINK) is the 23rd largest cryptocurrency with a market cap of over $3 billion. According to experts, this latest listing is likely to be a major boost to the future of the altcoin project. Meanwhile, LINK is one of the few tokens that survived the recent market crash. It’s only lost 4% in the last 30 days. However, the altcoin is holding 87.5% down from its all-time high of $52.88.
Earlier, Chainlink announced that PancakeSwap has integrated Chainlink keepers into the BNB Blockchain. With this, it will help users automate their CAKE/USD prediction markets securely. He added that previously, the Chainlink price feed was integrated to help keep prediction markets safe.
Meanwhile, last week saw 15 integrations of 5 different Chainlink services. Moreover, this development happened in 5 different Blockchains. The list includes major blockchains like Ethereum, BNB Blockchain, Avalanche, Moonbeam, and Polygon. It also aims to provide Web3 developers with tools to create hybrid smart contracts.
Will Sam Bankman-Fried’s FTX buy Robinhood?
In the meantime, as we reported as Kriptokoin.com, it is said that FTX, founded by Sam Bankman-Fried, wants to buy Robinhood. Amid these rumors, the stock market is having an internal debate about it. However, let us remind you that such a decision has not been announced yet.
FTX has yet to approach Robinhood with a buyout offer. Meanwhile, Robinhood’s share price has surged over 25% over the past 5 days. It trades at an average price of $9.03. However, its shares have dropped 76% since going public. In an interview, Bankman Fried stated that they are willing to partner with the crypto exchange. However, there is no active discussion on this issue.
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