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Joke No More: Shiba Inu Is Among Four Crypto Tokens Listed on Robinhood

  • Proponents have long lobbied firm to list tokens like Shiba
  • News follows rollout of new crypto wallet to 2 million users
Updated on

Robinhood Markets Inc. included four new cryptocurrencies on its platform, including the Shiba Inu coin, in a win for proponents who had long argued in favor of the joke token becoming available for trading. 

The platform popular with daytraders also added Solana’s SOL, Polygon’s Matic and Compound’s COMP to its list of available trades in a possible appeal to users now that the surge in retail trading that came during the outbreak of the pandemic lockdowns has abated. Prices of all the tokens listed rose. Shares of Robinhood were up 4.6% as of 9:33 a.m. in New York.