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HomeBusinessShiba Inu jumps 35%, cryptocurrency becomes expensive after a long fall

Shiba Inu jumps 35%, cryptocurrency becomes expensive after a long fall

American financial services company Robinhood has allowed its clients to deal with Shiba Inu, Solana, Polygon and Compound. This comes after last week, when the firm rolled out its cryptocurrency wallet to 2 million users.

One blog According to the post, Robinhood Markets Inc has added 4 new digital assets to its trading platform. These include the popular Memecoin Shiba Inu, Solana, Polygon and Compound.

Commenting on the issue, Steve Quirk, Chief Brokerage Officer, Robinhood, said, “We are excited to add more options to our clients as we work to make Robinhood the best place to invest in crypto. . As a security first company, we have a robust system in place to help us evaluate assets for listing and we are ready to provide a safe and educational crypto platform.

After this news, the prices of all the assets increased, while Shiba Inu The price increased significantly. In the last 24 hours, it rose 36% to a two-month high. This is not the first time Robinhood has listed Memecoin on its trading platform. For the first time in the year 2018 Dogecoin was added. The craze for the token over the past year in price growth was beneficial to Robinhood. The company disclosed that Dogecoin accounts for over 30 percent of its crypto trading revenue. In August 2021 the firm disclosed that the tokens made up 62 percent of the firm’s cryptocurrency income in the second quarter of 2021.

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