Uniswap (UNI), where Binance CEO Changpeng Zhao (CZ) tweeted about a potential exploit on Tuesday, is making its way into Robinhood’s list. With the effect of the news, the price of altcoin increased.
News of Robinhood adding support to UNI has blown altcoin price!
cryptocoin.com As we covered in his news, CZ shared on Twitter about a “potential exploit” that allowed a hacker to steal 4,295 Ethereums from Uniswap V3. On the other hand, PeckShield, a blockchain security and data analytics company, said the alarm was false. Later, CZ revealed that he had spoken to the Uniswap team and that it was a phishing attack.
Uniswap’s native token, UNI, is now on the list, according to an announcement by crypto trading app Robinhood on July 14. This news had a positive impact on the altcoin price as the listing news was viewed positively for cryptocurrencies. According to data from CoinMarketCap at press time, UNI has risen nearly 22% in the last 24 hours to $6.99.
Meanwhile, supporters of Floki Inu (FLOKI), one of the imitations of the popular meme coin Dogecoin, recently filed a Change.org petition for the token to be listed on Robinhood. In April, Robinhood listed its meme coin Shiba Inu with Polygon (MATIC), Solana (SOL), and Compound (COMP). Additionally, in late June, the trading app also listed Chainlink (LINK).
Robinhood’s cryptocurrency adventure
cryptocoin.com As we reported, Robinhood first added zero-fee crypto trading support in February 2018. Leading crypto Bitcoin and leading altcoin Ethereum were on the list for users of the app from the very beginning. The platform later included Dogecoin, the meme coin project that Elon Musk is a fan of. It has also added support for many altcoins playing in the crypto league.
According to experts, Robinhood has been adding new cryptocurrencies recently to attract more customers. However, that doesn’t mean it has changed its conservative listing policy. Robinhood debuted in 2013 as a zero-free alternative to traditional brokerage services. The platform received a lot of attention during GameStop wisdom in early 2021. Also, the company has seen a huge increase in revenue, taking advantage of the Dogecoin craze.
Meanwhile, Robinhood finally opened its doors to the public in July. However, its shares are currently down more than 76% since its debut. In June, Bloomberg reported that FTX was looking for a way to acquire Robinhood. However, the high-flying cryptocurrency exchange announced that there was no deal made.
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