Follow Us

Robinhood Lists Uniswap: Decentralized Protocol Rises In Value

Share on facebook
Share on twitter
Share on linkedin

Share

Robinhood
Share on facebook
Share on twitter
Share on linkedin
  • Robinhood lists the decentralized trading protocol, Uniswap.
  • CoinMarketCap data reveals a 13.92% increase in Uniswap’s value. 
  • Robinhood added Polygon (MATIC), Solana (SOL), and Compound (COMP) and meme-inspired coin Shiba Inu in April. 

Robinhood has announced its listing of Uniswap’s native UNI token. Hence expanding its crypto offering. At the time of writing, Uniswap was trading at $7.09. The popular decentralized trading protocol has experienced a rise of 13.92% in its value in the past seven days, according to coinmarketcap.Major crypto projects such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polygon (MATIC), Shiba Inu (SHIB), Chainlink (LINK), and Dogecoin (DOGE), are already listed on Robinhood. 

The leading exchange in May announced that it was launching a new non-custodial crypto and non-fungible token (NFT) wallet.Vlad Tenev, CEO and co-founder of Robinhood, explained in an interview that through the wallet they are expanding access to decentralized exchange platforms. In addition, owners will have true ownership of digital assets. 

The main purpose of the product is to offer customers a great product. Making customers full custodian of their keys. Thus helping customers to have access to decentralized exchanges and swap coins. The platform wants to ensure customers have access to Web 3.0 and maintain self-custody.

ALSO READ – Central African Republic: first to recognize bitcoin as legal money

Back in February 2018, Robinhood offered crypto services with no fee. Flagship currencies, Bitcoin and Ethereum, were listed on the app since the beginning. It was later that the platform decided to list altcoins. Popular meme-currency Dogecoin being one of them. Robinhood’s policy of expanding its crypto offering indicates the conservative listing policy to attract more customers.

Launched in 2013, Robinhood serves as an alternative traditional brokerage service and charges zero-free. At the start of 2021, the platform gained quite a mainstream attention during the GameStop sage. Dogecoin mania also heavily contributed to the company’s revenue. 

Leave a Reply

Your email address will not be published. Required fields are marked *

Download our App for getting faster updates at your fingertips.

en_badge_web_generic.b07819ff-300x116-1

We Recommend

Top Rated Cryptocurrency Exchange

-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00