Robinhood Adds Compound, Polygon, Shiba Inu, and Solana

Robinhood has expanded the cryptocurrencies tradable on its platform to include Compound, Polygon, Shiba Inu, and Solana.

Compound is the token of a borrowing and lending platform popular in DeFi on the Ethereum network.

Polygon is the token behind the Polygon Network (formally known as Matic and the Matic Network respectively).

Solona is the token behind the Solona network.

Lastly, Shiba Inu is a popular Dogecoin clone on the Ethereum network that saw a lot of hype last year and has continued to be a sort of “meme coin of demand.”

Each of these coins represents a step toward broader crypto adoption in that Compound is a DeFi coin on Ethereum, Polygon is a step into Ethereum compatible chains, Shiba Inu represents a willingness to add basic fun meme coins, and Solona is an Ethereum competitor. These coins each represent an aspect of crypto that was hot and continues to drive the current market demand. The only thing they are really missing from this is a token that represents the current demand for NFTs.

You can read more on Robinhood’s official blog. See: “Robinhood Lists Four New Crypto Assets“.