Robinhood Adds SHIB, AVAX, COMP for NY Users

Robinhood has been rapidly expanding its cryptocurrency listings adding Shiba Inu , Avalanche and Compound to its platform.

Robinhood continues its listing binge, with the most recent cryptocurrencies to receive additional expansion to other countries on the site being the dog-themed cryptocurrency Shiba Inu (SHIB), the cryptocurrency Avalanche (AVAX), and the cryptocurrency Compound (COMP).

Robinhood Hosts SHIB, AVAX and COMP in New York

These alternative cryptocurrencies are now available for purchase, sale, and trading on the well-known trading platform, which is great news for anyone living in New York.

Robinhood has listed a wide variety of cryptocurrencies over the past few weeks, some of which include the digital currencies we’re currently discussing.

Note that the majority of these listings include the permissible jurisdictions and digital asset types. The most prominent cryptocurrency trading platform announced at the start of April that it intended to list Optimism (OP) for traders in the European Union.

Like Bitcoin (BTC), Dogecoin (DOGE), Solana (SOL), and Ethereum (ETH), the cryptocurrency known as BONK, which is based in Solana has also joined the trading platform known as Robinhood.

Customers in a number of different EU countries have equal access to this item. This suite of listings is not only a plan for Robinhood to broaden its reach, but it is also a technique for the majority of these assets to increase their adoption and utilization.

Listed Altcoins May See Price Surge

Listing on a trusted trading platform like Robinhood can revitalize a token’s price trajectory and increase its visibility and accessibility to a broader range of traders.

A move of this nature also reflects the platform’s dedication to satisfying the ever-evolving requirements of its consumers by giving them access to a wide variety of digital assets from which to select.

Currently, Robinhood has vetted more than thirty digital assets on its list. As demonstrated by BONK, the majority of these tokens typically show a positive price response shortly after listing.

At this moment, the price of SHIB is $0.00002661, representing a 2% increase. The token’s burn rate also experienced a phenomenal increase throughout this time period.

To be more specific, the burn rate of Shiba Inu has increased by 2200%, and this has sparked a bullish feeling among those who are interested in cryptocurrencies.

AVAX has shown a marginally positive trend, with the currency currently trading at $38.57 and increasing by 0.4%. In addition, COMP is currently trading at $59.95, having risen by 0.90% over the last 24 hours.

Over the next few days, it is possible that the prices of these alternative cryptocurrencies will continue to rise. This is because they may gain more notoriety, resulting in increased trading participation.