Robinhood, one of the major trading platforms, made announcements for Shiba Inu (SHIB), Polygon (MATIC) and some other altcoins. Here are the details…
SHIB can be sent and received in Robinhood
Good news for Robinhood users. The exchange has added support for sending and receiving all crypto assets listed on the platform. The exchange has announced that we can now send and receive all cryptocurrencies listed on Robinhood. Support makes it possible for all qualified users of the Robinhood app with access to WebWallets functions to send and receive any crypto currently listed in the app. According to Robinhood, users can access withdrawal and deposit facilities.
Popular cryptocurrency investment app Robinhood added support for Shiba Inu (SHIB), along with three other cryptocurrencies Polygon (MATIC), Solana (SOL), and Compound (COMP) in April 2022. Robinhood launched the wallet function this year and enabled withdrawals and deposits today. Robinhood; Supports cryptocurrencies such as BTC, ETH, DOGE, MATIC, SHIBA INU, LTC, BCH, LINK.
Robinhood also enabled Polygon withdrawals
On the other hand, Robinhood announced that it will cooperate with Polygon. Polygon is the parent company that created MATIC, as we have also reported as Kriptokoin.com. Polygon was formerly called The Matic Network before it was renamed. The announced agreement states that MATIC ERC-20 deposits and withdrawals will be supported on the Robinhood trading platform.
Support makes it possible for all qualified users of the Robinhood app who have access to the same waitinglisted WebWallets functions as above, now send and receive any MATIC listed in the app. According to the Robinhood website, users who are eligible to access the withdrawal and deposit facilities are; It also benefits from free trading unlike other exchanges that charge trading fees. Robinhood is based on the idea of democratizing finance for everyone around the world.
The Polygon co-founder said the team will “continue to build infrastructure for the mass adoption of Polygon and Ethereum.” Meanwhile, the announcement of the agreement between Polygon and Robinhood has already made waves in the crypto markets. At the time of this writing, MATIC has gained 11.7 percent. The cryptocurrency is currently changing hands at $0.577, with 11.7 percent gained in the last 24 hours. MATIC’s earnings in the last 7 days is 22.6 percent. With a market cap of $4.6 billion, MATIC is the nineteenth largest cryptocurrency by market capitalization.
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