Crypto Exchange Robinhood Announces Listing of Chainlink (LINK)

  • Coins like Dogecoin and Ethereum have been on the platform for a long time. 
  • Chainlink’s price remains 86.75% below its all-time high of $52.88.

This year saw the widespread acceptance of cryptocurrencies. One of the most well-known and popular trading platforms, Robinhood, included many new cryptocurrencies. FTX crypto exchange has been said to be interested in acquiring Robinhood at this time. As soon as those speculations were put to rest, the platform began a new phase. Chainlink was added to the platform earlier today.

In a tweet, Robinhood announced that Chainlink joined the platform’s list of cryptocurrencies. Coins like Dogecoin (DOGE) and Ethereum (ETH) have been on the platform for a long time. The Shiba Inu (SHIB) community lobbied hard this year, and Robinhood finally listed the meme currency. Solana, Compound, and Polygon have also been added to the trading platform.

Certain cryptocurrencies have seen their prices rise due to being listed on exchanges. The meme coin’s value skyrocketed when Shiba Inu made it to Robinhood. In a single day, SHIB saw a 35% increase. As a result, community members predicted that Chainlink’s price would rise. After the announcement, LINK was trading at $7.08, up 4.26 percent over the last few hours.

Chainlink’s daily chart shows the huge increase in the asset’s value that followed the announcement. According to the community, despite the recent statement, Chainlink’s price remains 86.75% below its all-time high of $52.88.

LINK’s arrival was also cause for celebration within the Chainlink and Robinhood communities. FTX’s CEO, on the other hand, was busy debunking rumors. As FTX CEO Sam Bankman-Fried told Reuters, the company and Robinhood have not yet discussed any acquisition.

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